Marston’s Brewery (LON:MARS) had its target price dropped by equities research analysts at Barclays from GBX 115 ($1.56) to GBX 90 ($1.22) in a report released on Friday. The brokerage presently has an “underweight” rating on the stock. Barclays’ price objective would indicate a potential downside of 10.71% from the stock’s current price.
MARS has been the subject of a number of other research reports. Liberum Capital reiterated a “buy” rating and issued a GBX 140 ($1.90) price objective on shares of Marston’s Brewery in a report on Wednesday, February 28th. HSBC dropped their price objective on Marston’s Brewery from GBX 115 ($1.56) to GBX 100 ($1.36) and set a “hold” rating for the company in a report on Friday, February 16th. Numis Securities downgraded Marston’s Brewery to a “hold” rating and set a GBX 125 ($1.70) price objective for the company. in a report on Tuesday, January 23rd. JPMorgan Chase reiterated an “overweight” rating and issued a GBX 130 ($1.76) price objective on shares of Marston’s Brewery in a report on Wednesday, January 24th. Finally, Peel Hunt reiterated a “buy” rating on shares of Marston’s Brewery in a report on Friday, May 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 117.73 ($1.60).
Marston’s Brewery opened at GBX 100.80 ($1.37) on Friday, according to MarketBeat Ratings. Marston’s Brewery has a 12 month low of GBX 99.85 ($1.35) and a 12 month high of GBX 147.70 ($2.00).
Marston's PLC operates managed, franchised, tenanted, and leased pubs and bars in the United Kingdom and internationally. The company operates through Destination and Premium, Taverns, Leased, and Brewing segments. It provides premium cask and bottled beers through its five breweries. The company is also involved in the property management and development, telecommunications, and insurance businesses.
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