Marston’s (MARS) Given New GBX 127 Price Target at JPMorgan Chase & Co.
Marston’s (LON:MARS) had its price objective increased by JPMorgan Chase & Co. from GBX 123 ($1.61) to GBX 127 ($1.66) in a report released on Wednesday morning, Digital Look reports. They currently have an overweight rating on the stock.
MARS has been the subject of several other research reports. Shore Capital reiterated a buy rating on shares of Marston’s in a research note on Wednesday, January 23rd. Canaccord Genuity reiterated a hold rating and issued a GBX 105 ($1.37) price objective on shares of Marston’s in a research note on Friday, January 25th. Liberum Capital reiterated a buy rating on shares of Marston’s in a research note on Wednesday, January 23rd. Peel Hunt reiterated a buy rating on shares of Marston’s in a research note on Friday, January 18th. Finally, Stifel Nicolaus reiterated a hold rating and issued a GBX 100 ($1.31) price objective on shares of Marston’s in a research note on Monday, March 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 109.63 ($1.43).
Marston’s stock traded up GBX 1.95 ($0.03) during midday trading on Wednesday, hitting GBX 107.15 ($1.40). The company’s stock had a trading volume of 1,515,860 shares, compared to its average volume of 2,400,000. Marston’s has a 1-year low of GBX 89.20 ($1.17) and a 1-year high of GBX 112.30 ($1.47). The company has a quick ratio of 0.27, a current ratio of 0.70 and a debt-to-equity ratio of 180.13. The stock has a market capitalization of $677.51 million and a price-to-earnings ratio of 15.31.
Marston’s Company Profile
Marston's PLC operates managed, franchised, tenanted, and leased pubs and bars in the United Kingdom and internationally. The company operates through Destination and Premium, Taverns, Leased, and Brewing segments. It provides premium cask and bottled beers through its five breweries. The company is also involved in the property management and development, telecommunications, and insurance businesses.
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