Marston's PLC’s (MARS) Hold Rating Reiterated at Canaccord Genuity
Marston's PLC (LON:MARS)‘s stock had its “hold” rating restated by stock analysts at Canaccord Genuity in a note issued to investors on Wednesday. They presently have a GBX 150 ($1.86) price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 5.19% from the stock’s previous close.
Other analysts have also issued reports about the stock. Numis Securities Ltd lowered their target price on shares of Marston's PLC from GBX 185 ($2.29) to GBX 165 ($2.04) and set an “add” rating for the company in a research note on Wednesday. N+1 Singer lifted their price objective on Marston's PLC from GBX 170 ($2.10) to GBX 182 ($2.25) and gave the company a “buy” rating in a report on Wednesday. Shore Capital restated a “buy” rating on shares of Marston's PLC in a report on Wednesday, July 27th. Panmure Gordon restated a “buy” rating and issued a GBX 175 ($2.17) price objective on shares of Marston's PLC in a report on Wednesday, July 27th. Finally, HSBC decreased their price objective on Marston's PLC from GBX 150 ($1.86) to GBX 140 ($1.73) and set a “hold” rating for the company in a report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 162.08 ($2.01).
Shares of Marston's PLC (LON:MARS) traded down 2.17% during trading on Wednesday, reaching GBX 139.50. 1,631,606 shares of the company traded hands. The company’s market capitalization is GBX 801.29 million. Marston's PLC has a 52 week low of GBX 126.80 and a 52 week high of GBX 177.00. The company’s 50-day moving average price is GBX 145.63 and its 200-day moving average price is GBX 145.47.
About Marston's PLC
Marston’s PLC, engaged in the United Kingdom, is engaged in the operations of managed, tenanted, leased and franchised public houses, brewing beer and selling beer, wines, spirits and soft drinks. It operates around 2,000 pubs and bars across the United Kingdom. It operates five breweries: Banks’s Brewery in Wolverhampton; Marston’s Brewery in Burton upon Trent; Jennings Brewery in the Lake District; Ringwood Brewery in Hampshire, and Wychwood Brewery in Oxfordshire.
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