Marston's PLC (LON:MARS) had its price objective lowered by Deutsche Bank AG from GBX 135 ($1.79) to GBX 110 ($1.46) in a research note published on Wednesday morning. The firm currently has a hold rating on the stock.
Several other equities research analysts have also recently commented on the company. J P Morgan Chase & Co lowered their price target on Marston's PLC from GBX 145 ($1.93) to GBX 130 ($1.73) and set an overweight rating for the company in a research note on Wednesday, October 11th. Liberum Capital reissued a buy rating and issued a GBX 140 ($1.86) price target on shares of Marston's PLC in a research note on Tuesday, October 10th. Shore Capital reissued a buy rating on shares of Marston's PLC in a research note on Tuesday, October 10th. Numis Securities Ltd reissued an add rating and issued a GBX 125 ($1.66) price target on shares of Marston's PLC in a research note on Tuesday, October 10th. Finally, Peel Hunt lowered their price target on Marston's PLC from GBX 140 ($1.86) to GBX 125 ($1.66) and set an add rating for the company in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 135 ($1.79).
Shares of Marston's PLC (MARS) remained flat at GBX 107.30 on Wednesday. The stock had a trading volume of 1,681,189 shares. The company’s market cap is GBX 617.40 million. The firm’s 50 day moving average price is GBX 108.09 and its 200 day moving average price is GBX 123.08. 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 related news, insider Ralph Graham Findlay bought 8,293 shares of Marston's PLC stock in a transaction that occurred on Thursday, September 28th. The stock was purchased at an average cost of GBX 107 ($1.42) per share, for a total transaction of £8,873.51 ($11,790.47).
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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