Marston’s (MARS) Receives Buy Rating from Liberum Capital
Liberum Capital reiterated their buy rating on shares of Marston’s (LON:MARS) in a research report sent to investors on Thursday. Liberum Capital currently has a GBX 140 ($1.87) price target on the stock.
MARS has been the subject of several other reports. Numis Securities reiterated an add rating and issued a GBX 125 ($1.67) target price on shares of Marston’s in a report on Friday, September 15th. Barclays reissued an underweight rating and issued a GBX 115 ($1.54) price objective on shares of Marston’s in a report on Monday, September 11th. Peel Hunt upgraded Marston’s to a buy rating and upped their target price for the stock from GBX 125 ($1.67) to GBX 130 ($1.74) in a research note on Wednesday, October 25th. J P Morgan Chase & Co lowered their target price on Marston’s from GBX 150 ($2.01) to GBX 145 ($1.94) and set an overweight rating on the stock in a research note on Wednesday, September 27th. Finally, Shore Capital reiterated a buy rating on shares of Marston’s in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Marston’s currently has a consensus rating of Buy and a consensus target price of GBX 128.50 ($1.72).
Marston’s (LON:MARS) traded up GBX 1.90 ($0.03) during midday trading on Thursday, hitting GBX 116.90 ($1.57). The stock had a trading volume of 5,947,068 shares, compared to its average volume of 2,030,000. Marston’s has a 52-week low of GBX 99.85 ($1.34) and a 52-week high of GBX 147.70 ($1.98).
In other Marston’s news, insider Ralph Graham Findlay purchased 23,549 shares of Marston’s stock in a transaction on Friday, September 8th. The shares were bought at an average price of GBX 106 ($1.42) per share, with a total value of £24,961.94 ($33,429.68).
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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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