Marston's PLC (LON:MARS) PT Lowered to GBX 110 at Deutsche Bank AG

Marston's PLC (LON:MARS) had its target price cut by investment analysts at Deutsche Bank AG from GBX 135 ($1.78) to GBX 110 ($1.45) in a research report issued on Wednesday, October 18th. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 3.87% from the company’s previous close.

MARS has been the topic of several other reports. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 125 ($1.65) target price on shares of Marston's PLC in a research report on Friday, September 15th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 140 ($1.85) target price on shares of Marston's PLC in a research report on Tuesday, October 10th. Shore Capital reaffirmed a “buy” rating on shares of Marston's PLC in a research report on Wednesday, July 26th. Barclays PLC reissued an “underweight” rating and set a GBX 115 ($1.52) price objective on shares of Marston's PLC in a research report on Monday, September 11th. Finally, J P Morgan Chase & Co lowered their price objective on Marston's PLC from GBX 150 ($1.98) to GBX 145 ($1.91) and set an “overweight” rating for the company in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Marston's PLC presently has an average rating of “Buy” and a consensus price target of GBX 135.45 ($1.79).

Shares of Marston's PLC (MARS) opened at 105.90 on Wednesday. The company’s market capitalization is GBX 609.35 million. Marston's PLC has a 12 month low of GBX 101.40 and a 12 month high of GBX 147.70. The firm has a 50-day moving average of GBX 107.11 and a 200-day moving average of GBX 122.11.

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In related news, insider Ralph Graham Findlay purchased 8,293 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was acquired at an average price of GBX 107 ($1.41) per share, for a total transaction of £8,873.51 ($11,709.57).

Marston's PLC Company Profile

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.

Analyst Recommendations for Marston's PLC (LON:MARS)

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