Marston's (LON:MARS) was downgraded by research analysts at Numis Securities to a “hold” rating in a note issued to investors on Tuesday, January 23rd. They currently have a GBX 125 ($1.73) price objective on the stock. Numis Securities’ target price would suggest a potential upside of 20.31% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Peel Hunt decreased their target price on Marston's from GBX 140 ($1.93) to GBX 125 ($1.73) and set an “add” rating for the company in a research report on Tuesday, October 10th. N+1 Singer reaffirmed a “buy” rating and issued a GBX 120 ($1.66) target price on shares of Marston's in a research report on Thursday, November 30th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 140 ($1.93) target price on shares of Marston's in a research report on Tuesday, October 10th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Marston's in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Marston's currently has a consensus rating of “Hold” and a consensus target price of GBX 120.91 ($1.67).
Shares of Marston's (MARS) traded down GBX 0.80 ($0.01) during midday trading on Tuesday, hitting GBX 103.90 ($1.44). The stock had a trading volume of 2,621,335 shares, compared to its average volume of 2,840,000. Marston's has a 52 week low of GBX 99.85 ($1.38) and a 52 week high of GBX 147.70 ($2.04). The stock has a market capitalization of $658.65 and a P/E ratio of 742.14.
In other Marston's news, insider Ralph Graham Findlay purchased 165,438 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average price of GBX 120 ($1.66) per share, for a total transaction of £198,525.60 ($274,282.40).
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Marston's 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.
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