J P Morgan Chase & Co Reaffirms “Overweight” Rating for Marston’s (MARS)
J P Morgan Chase & Co reaffirmed their overweight rating on shares of Marston’s (LON:MARS) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. J P Morgan Chase & Co currently has a GBX 130 ($1.74) price objective on the stock.
Other analysts have also issued research reports about the company. Numis Securities reiterated an add rating and issued a GBX 125 ($1.67) target price on shares of Marston’s in a research note on Tuesday, October 10th. Peel Hunt reduced their target price on Marston’s from GBX 140 ($1.87) to GBX 125 ($1.67) and set an add rating on the stock in a research note on Tuesday, October 10th. Shore Capital reiterated a buy rating on shares of Marston’s in a research note on Thursday, September 21st. Liberum Capital reiterated a buy rating and issued a GBX 140 ($1.87) target price on shares of Marston’s in a research note on Tuesday, October 10th. Finally, Canaccord Genuity increased their target price on Marston’s from GBX 110 ($1.47) to GBX 130 ($1.74) and gave the stock a hold rating in a research note on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Marston’s presently has an average rating of Buy and an average price target of GBX 128.50 ($1.72).
Marston’s (MARS) traded up GBX 1.90 ($0.03) during mid-day trading on Wednesday, reaching GBX 116.90 ($1.57). The company’s stock had a trading volume of 5,947,068 shares, compared to its average volume of 2,030,000. Marston’s has a twelve month low of GBX 99.85 ($1.34) and a twelve month high of GBX 147.70 ($1.98).
In other news, insider Ralph Graham Findlay purchased 23,549 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were purchased at an average price of GBX 106 ($1.42) per share, for a total transaction 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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