Peel Hunt upgraded shares of Marston's PLC (LON:MARS) to a buy rating in a research report sent to investors on Wednesday. The firm currently has GBX 130 ($1.72) price objective on the stock, up from their previous price objective of GBX 125 ($1.65).
MARS has been the topic of a number of other research reports. Numis Securities Ltd restated an add rating and issued a GBX 125 ($1.65) target price on shares of Marston's PLC in a research note on Tuesday, October 10th. Liberum Capital began coverage on Marston's PLC in a research note on Wednesday, July 5th. They issued a buy rating and a GBX 140 ($1.85) target price on the stock. Canaccord Genuity boosted their target price on Marston's PLC from GBX 110 ($1.45) to GBX 130 ($1.72) and gave the stock a hold rating in a research note on Friday, September 22nd. Shore Capital restated a buy rating on shares of Marston's PLC in a research note on Thursday, September 21st. Finally, HSBC Holdings plc restated a hold rating and issued a GBX 115 ($1.52) target price on shares of Marston's PLC in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Marston's PLC presently has an average rating of Buy and an average target price of GBX 135.45 ($1.79).
Shares of Marston's PLC (MARS) opened at 106.90 on Wednesday. Marston's PLC has a 1-year low of GBX 101.40 and a 1-year high of GBX 147.70. The company’s market cap is GBX 615.10 million. The firm has a 50-day moving average price of GBX 106.72 and a 200 day moving average price of GBX 121.89.
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In other Marston's PLC news, insider Ralph Graham Findlay bought 23,549 shares of the stock in a transaction on Friday, September 8th. The shares were acquired at an average price of GBX 106 ($1.40) per share, with a total value of £24,961.94 ($32,940.01).
About Marston's PLC
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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