Marston's PLC’s (MARS) Hold Rating Reiterated at HSBC Holdings plc
Several other research analysts have also recently commented on the stock. Shore Capital reiterated a buy rating on shares of Marston's PLC in a report on Monday, August 7th. Barclays PLC reissued an underweight rating and issued a GBX 115 ($1.49) price target on shares of Marston's PLC in a research report on Thursday, July 27th. Canaccord Genuity reduced their price target on shares of Marston's PLC from GBX 145 ($1.88) to GBX 130 ($1.68) and set a hold rating for the company in a research report on Wednesday, July 26th. Liberum Capital reissued a buy rating and issued a GBX 140 ($1.81) price target on shares of Marston's PLC in a research report on Wednesday, July 26th. Finally, Numis Securities Ltd reissued an add rating and issued a GBX 145 ($1.88) price target on shares of Marston's PLC in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 143.18 ($1.85).
Marston's PLC (LON:MARS) opened at 114.60 on Friday. The firm’s market cap is GBX 659.41 million. The stock has a 50 day moving average of GBX 115.97 and a 200-day moving average of GBX 129.15. Marston's PLC has a 52-week low of GBX 111.50 and a 52-week high of GBX 153.50.
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In other news, insider Andrew Andrea sold 27,313 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of GBX 124 ($1.60), for a total value of £33,868.12 ($43,802.53).
About Marston's PLC
Marston’s PLC is engaged in running pubs and beer brewing. The Company owns a range of assets from pubs to brands. The Company’s segments include Destination and Premium, which consists of food and drink sales, accommodation and gaming machine income; Taverns, which includes Food and drink sales, rent from licensed properties, accommodation and gaming machine income; Leased, which includes drink sales, rent from licensed properties and gaming machine income; Brewing, which comprises drink sales and third-party brewing, packaging and distribution, and Group Services.
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