Marston’s’ (MARS) Hold Rating Reaffirmed at Berenberg Bank
Berenberg Bank reissued their hold rating on shares of Marston’s (LON:MARS) in a research note published on Monday morning, Digital Look reports. The firm currently has a GBX 110 ($1.44) price target on the stock.
Other analysts have also issued research reports about the company. Peel Hunt restated a buy rating on shares of Brooks Macdonald Group in a report on Wednesday, July 24th. Numis Securities restated a buy rating and issued a GBX 500 ($6.53) target price on shares of PureCircle in a report on Wednesday, May 15th. Liberum Capital lowered Rio Tinto from a buy rating to a hold rating in a report on Wednesday, July 24th. Shore Capital restated a hold rating on shares of Britvic in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of Anglo American in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 114.57 ($1.50).
Shares of LON:MARS traded up GBX 0.60 ($0.01) on Monday, reaching GBX 108.60 ($1.42). 2,438,889 shares of the company traded hands, compared to its average volume of 2,400,000. Marston’s has a fifty-two week low of GBX 89.20 ($1.17) and a fifty-two week high of GBX 125.71 ($1.64). The firm has a 50 day simple moving average of GBX 115.82. The stock has a market cap of $717.15 million and a PE ratio of 9.36. The company has a debt-to-equity ratio of 200.11, a current ratio of 0.54 and a quick ratio of 0.44.
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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