Marston's PLC (MARS) Price Target Lowered to GBX 130 at J P Morgan Chase & Co

Marston's PLC (LON:MARS) had its target price lowered by equities researchers at J P Morgan Chase & Co from GBX 145 ($1.91) to GBX 130 ($1.71) in a research report issued on Wednesday. The firm presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 20.37% from the company’s current price.

Several other equities analysts have also recently issued reports on MARS. Deutsche Bank AG lowered their price objective 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 research note on Friday, June 23rd. Shore Capital reaffirmed a “buy” rating on shares of Marston's PLC in a research note on Wednesday, July 26th. Peel Hunt reaffirmed an “add” rating and issued a GBX 140 ($1.84) price objective on shares of Marston's PLC in a research note on Wednesday, July 26th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 145 ($1.91) price objective on shares of Marston's PLC in a research note on Wednesday, July 26th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 140 ($1.84) price objective on shares of Marston's PLC in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Marston's PLC has an average rating of “Hold” and a consensus price target of GBX 137.27 ($1.80).

Marston's PLC (MARS) opened at 108.00 on Wednesday. Marston's PLC has a 12 month low of GBX 101.40 and a 12 month high of GBX 147.70. The firm’s market capitalization is GBX 621.43 million. The firm’s 50-day moving average is GBX 108.95 and its 200 day moving average is GBX 124.18.

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In other news, insider Ralph Graham Findlay purchased 8,293 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were bought at an average price of GBX 107 ($1.41) per share, with a total value 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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