HSBC Lowers Marston's (MARS) Price Target to GBX 100
Several other research analysts have also commented on the stock. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 130 ($1.80) price objective on shares of Marston's in a research note on Wednesday, January 24th. Numis Securities lowered shares of Marston's to a hold rating and set a GBX 125 ($1.73) price objective for the company. in a research note on Tuesday, January 23rd. Shore Capital reaffirmed a buy rating on shares of Marston's in a research note on Tuesday, January 23rd. Liberum Capital reaffirmed a buy rating and set a GBX 140 ($1.93) price objective on shares of Marston's in a research note on Tuesday, January 23rd. Finally, Peel Hunt reaffirmed a buy rating and set a GBX 140 ($1.93) price objective on shares of Marston's in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 120.91 ($1.67).
Shares of Marston's (LON MARS) traded down GBX 1.10 ($0.02) during mid-day trading on Friday, reaching GBX 104 ($1.44). The company had a trading volume of 1,251,673 shares, compared to its average volume of 2,420,000. The firm has a market capitalization of $669.59 and a PE ratio of 742.86. Marston's has a 52-week low of GBX 99.85 ($1.38) and a 52-week high of GBX 147.70 ($2.04).
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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