Marston's PLC (MARS) Rating Reiterated by Panmure Gordon
Panmure Gordon reiterated their buy rating on shares of Marston's PLC (LON:MARS) in a research note issued to investors on Thursday morning. Panmure Gordon currently has a GBX 175 ($2.28) price target on the stock.
Several other research firms also recently commented on MARS. Shore Capital reaffirmed a buy rating on shares of Marston's PLC in a research report on Wednesday, May 18th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 175 ($2.28) target price on shares of Marston's PLC in a research report on Wednesday, July 27th. Jefferies Group reaffirmed a buy rating and issued a GBX 180 ($2.35) target price on shares of Marston's PLC in a research report on Friday, May 20th. JPMorgan Chase & Co. raised Marston's PLC to an overweight rating and decreased their target price for the company from GBX 160 ($2.09) to GBX 150 ($1.96) in a research report on Monday, July 4th. Finally, HSBC decreased their target price on Marston's PLC from GBX 150 ($1.96) to GBX 140 ($1.83) and set a hold rating on the stock in a research report on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Marston's PLC presently has an average rating of Hold and a consensus price target of GBX 165.54 ($2.16).
Shares of Marston's PLC (LON:MARS) opened at 147.00 on Thursday. The stock has a 50 day moving average price of GBX 144.72 and a 200 day moving average price of GBX 146.32. Marston's PLC has a 1-year low of GBX 126.80 and a 1-year high of GBX 177.00. The firm’s market capitalization is GBX 844.37 million.
About Marston's PLC
Marston’s PLC, engaged in the United Kingdom, is engaged in the operations of managed, tenanted, leased and franchised public houses, brewing beer and selling beer, wines, spirits and soft drinks. It operates around 2,000 pubs and bars across the United Kingdom. It operates five breweries: Banks’s Brewery in Wolverhampton; Marston’s Brewery in Burton upon Trent; Jennings Brewery in the Lake District; Ringwood Brewery in Hampshire, and Wychwood Brewery in Oxfordshire.
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