Marston’s (LON:MARS) was upgraded by stock analysts at Canaccord Genuity to a “buy” rating in a report issued on Wednesday. The firm currently has a GBX 115 ($1.50) target price on the stock, up from their prior target price of GBX 105 ($1.37). Canaccord Genuity’s price objective would indicate a potential upside of 19.87% from the stock’s previous close.
A number of other research analysts have also recently issued reports on the stock. Peel Hunt restated a “buy” rating on shares of Marston’s in a report on Tuesday, November 13th. Liberum Capital restated a “buy” rating on shares of Marston’s in a report on Wednesday, January 23rd. Shore Capital restated a “buy” rating on shares of Marston’s in a report on Wednesday, January 23rd. HSBC boosted their price objective on shares of Marston’s from GBX 95 ($1.24) to GBX 105 ($1.37) and gave the company a “hold” rating in a report on Thursday, November 29th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 105 ($1.37) price objective on shares of Marston’s in a report on Friday, January 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Marston’s has an average rating of “Hold” and a consensus price target of GBX 114.38 ($1.49).
Shares of LON MARS opened at GBX 95.94 ($1.25) on Wednesday. Marston’s has a 52-week low of GBX 99.85 ($1.30) and a 52-week high of GBX 147.70 ($1.93).
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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