Marston's PLC (LON:MARS) had its price target decreased by Deutsche Bank AG from GBX 135 ($1.79) to GBX 110 ($1.46) in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 3.68% from the company’s current price.
Several other analysts also recently issued reports on MARS. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 125 ($1.66) price objective on shares of Marston's PLC in a research report on Tuesday, October 10th. Shore Capital reaffirmed a “buy” rating on shares of Marston's PLC in a research report on Tuesday, October 10th. J P Morgan Chase & Co lowered their price objective on shares of Marston's PLC from GBX 145 ($1.93) to GBX 130 ($1.73) and set an “overweight” rating for the company in a research report on Wednesday, October 11th. Peel Hunt lowered their price objective on shares of Marston's PLC from GBX 140 ($1.86) to GBX 125 ($1.66) and set an “add” rating for the company in a research report on Tuesday, October 10th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 140 ($1.86) target price on shares of Marston's PLC in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 135 ($1.79).
Marston's PLC (LON MARS) opened at 106.10 on Wednesday. Marston's PLC has a 52 week low of GBX 101.40 and a 52 week high of GBX 147.70. The stock’s market cap is GBX 610.50 million. The company has a 50-day moving average of GBX 108.27 and a 200-day moving average of GBX 123.46.
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In other news, insider Ralph Graham Findlay acquired 8,293 shares of Marston's PLC stock in a transaction that occurred on Thursday, September 28th. The shares were purchased at an average cost of GBX 107 ($1.42) per share, for a total transaction of £8,873.51 ($11,790.47).
Marston's PLC Company Profile
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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