Marston's PLC (LON:MARS) had its price objective reduced by equities research analysts at Canaccord Genuity from GBX 145 ($1.89) to GBX 130 ($1.69) in a research note issued to investors on Wednesday, July 26th. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 13.04% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. Peel Hunt reaffirmed an “add” rating and issued a GBX 140 ($1.82) target price on shares of Marston's PLC in a report on Wednesday, July 26th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 165 ($2.15) target price on shares of Marston's PLC in a report on Friday, May 19th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 140 ($1.82) target price on shares of Marston's PLC in a report on Wednesday, July 26th. Shore Capital reaffirmed a “buy” rating on shares of Marston's PLC in a report on Wednesday, July 26th. Finally, Beaufort Securities reissued a “buy” rating on shares of Marston's PLC in a report on Friday, May 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 144.55 ($1.88).
Shares of Marston's PLC (LON:MARS) traded up 0.70% during trading on Wednesday, hitting GBX 115.00. The company had a trading volume of 1,423,459 shares. The stock has a 50-day moving average of GBX 119.29 and a 200 day moving average of GBX 131.22. Marston's PLC has a 12-month low of GBX 113.60 and a 12-month high of GBX 153.50. The stock’s market capitalization is GBX 661.71 million.
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In other news, insider Andrew Andrea sold 27,313 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of GBX 124 ($1.61), for a total transaction of £33,868.12 ($44,104.86). Also, insider Matthew Roberts purchased 25,000 shares of Marston's PLC stock in a transaction dated Thursday, May 18th. The shares were acquired at an average cost of GBX 138 ($1.80) per share, for a total transaction of £34,500 ($44,927.72).
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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