Marston's PLC (MARS) Given New GBX 130 Price Target at Canaccord Genuity
Marston's PLC (LON:MARS) had its price objective increased by Canaccord Genuity from GBX 110 ($1.48) to GBX 130 ($1.75) in a research note published on Friday. Canaccord Genuity currently has a hold rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Peel Hunt restated an add rating and issued a GBX 140 ($1.88) price target on shares of Marston's PLC in a research note on Wednesday, July 26th. Numis Securities Ltd restated an add rating and issued a GBX 145 ($1.95) price target on shares of Marston's PLC in a research note on Wednesday, July 26th. Shore Capital restated a buy rating on shares of Marston's PLC in a research note on Thursday, September 21st. Liberum Capital restated a buy rating and issued a GBX 140 ($1.88) price target on shares of Marston's PLC in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG dropped their price target 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 note on Friday, June 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 141.36 ($1.90).
Shares of Marston's PLC (LON MARS) opened at 109.20 on Friday. Marston's PLC has a 52 week low of GBX 101.40 and a 52 week high of GBX 151.20. The stock has a 50 day moving average of GBX 112.12 and a 200 day moving average of GBX 126.99. The firm’s market cap is GBX 628.34 million.
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In related news, insider Ralph Graham Findlay bought 23,549 shares of Marston's PLC stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of GBX 106 ($1.43) per share, with a total value of £24,961.94 ($33,569.04). Also, insider Andrew Andrea sold 27,313 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of GBX 124 ($1.67), for a total value of £33,868.12 ($45,546.15).
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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