Numis Securities Ltd Lowers Marston's PLC (MARS) Price Target to GBX 165
Marston's PLC (LON:MARS) had its target price lowered by Numis Securities Ltd from GBX 185 ($2.25) to GBX 165 ($2.01) in a research note issued to investors on Wednesday. The firm currently has an add rating on the stock.
Several other analysts also recently weighed in on MARS. Panmure Gordon reaffirmed a buy rating and set a GBX 175 ($2.13) target price on shares of Marston's PLC in a research note on Wednesday, July 27th. Shore Capital reiterated a buy rating on shares of Marston's PLC in a research report on Wednesday, July 27th. Canaccord Genuity reiterated a hold rating and set a GBX 175 ($2.13) price target on shares of Marston's PLC in a research report on Wednesday, July 27th. JPMorgan Chase & Co. lifted their price target on Marston's PLC from GBX 150 ($1.83) to GBX 160 ($1.95) and gave the company an overweight rating in a research report on Thursday, July 28th. Finally, HSBC lowered their price target on Marston's PLC from GBX 150 ($1.83) to GBX 140 ($1.71) and set a hold rating on the stock in a research report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 162.08 ($1.98).
Marston's PLC (LON:MARS) opened at 140.30 on Wednesday. The company’s 50-day moving average price is GBX 144.89 and its 200 day moving average price is GBX 145.20. The stock’s market capitalization is GBX 805.88 million. Marston's PLC has a 52-week low of GBX 126.80 and a 52-week high of GBX 177.00.
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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