Marston's PLC (LON:MARS) had its price target trimmed by Peel Hunt from GBX 140 ($1.84) to GBX 125 ($1.64) in a research report sent to investors on Tuesday. The brokerage currently has an add rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Shore Capital reaffirmed a buy rating on shares of Marston's PLC in a report on Monday, August 7th. Canaccord Genuity lifted their price target on shares of Marston's PLC from GBX 110 ($1.45) to GBX 130 ($1.71) and gave the stock a hold rating in a report on Friday, September 22nd. Liberum Capital reaffirmed a buy rating and issued a GBX 140 ($1.84) price target on shares of Marston's PLC in a report on Wednesday, July 26th. Deutsche Bank AG lowered their price target on shares of Marston's PLC from GBX 145 ($1.91) to GBX 135 ($1.77) and set a hold rating on the stock in a report on Friday, June 23rd. Finally, HSBC Holdings plc reaffirmed a hold rating and issued a GBX 115 ($1.51) price target on shares of Marston's PLC in a report on Friday, September 1st. One research 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. Marston's PLC presently has an average rating of Hold and an average target price of GBX 137.27 ($1.80).
Marston's PLC (MARS) opened at 107.30 on Tuesday. The firm’s market cap is GBX 617.40 million. The stock has a 50 day moving average price of GBX 108.95 and a 200 day moving average price of GBX 124.18. Marston's PLC has a 52-week low of GBX 101.40 and a 52-week high of GBX 147.70.
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In other news, insider Ralph Graham Findlay purchased 8,293 shares of Marston's PLC stock in a transaction dated Thursday, September 28th. The stock was purchased at an average cost of GBX 107 ($1.41) per share, for a total transaction of £8,873.51 ($11,666.46).
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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