Marston's PLC (MARS) Given Average Rating of “Hold” by Brokerages
Marston's PLC (LON:MARS) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 141.36 ($1.91).
MARS has been the topic of a number of recent research reports. Deutsche Bank AG cut their price objective on Marston's PLC from GBX 145 ($1.95) to GBX 135 ($1.82) and set a “hold” rating on the stock in a research report on Friday, June 23rd. Liberum Capital initiated coverage on Marston's PLC in a research report on Wednesday, July 5th. They set a “buy” rating and a GBX 140 ($1.89) price objective on the stock. Peel Hunt cut their price objective on Marston's PLC from GBX 160 ($2.16) to GBX 140 ($1.89) and set an “add” rating on the stock in a research report on Thursday, July 13th. Shore Capital reaffirmed a “buy” rating on shares of Marston's PLC in a research report on Wednesday, July 26th. Finally, Numis Securities Ltd reaffirmed an “add” rating and set a GBX 145 ($1.95) price objective on shares of Marston's PLC in a research report on Wednesday, July 26th.
In related news, insider Ralph Graham Findlay acquired 23,549 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was bought at an average price of GBX 106 ($1.43) per share, for a total transaction of £24,961.94 ($33,655.04). Also, insider Andrew Andrea sold 27,313 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of GBX 124 ($1.67), for a total transaction of £33,868.12 ($45,662.83).
Shares of Marston's PLC (MARS) traded up 1.15% during mid-day trading on Wednesday, reaching GBX 105.10. The company’s stock had a trading volume of 1,114,973 shares. The stock’s market cap is GBX 604.75 million. Marston's PLC has a one year low of GBX 101.40 and a one year high of GBX 151.20. The stock has a 50 day moving average of GBX 112.24 and a 200-day moving average of GBX 127.18.
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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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