Marston's PLC (MARS) Price Target Cut to GBX 130

Marston's PLC (LON:MARS) had its price objective cut by equities research analysts at J P Morgan Chase & Co from GBX 145 ($1.91) to GBX 130 ($1.71) in a research note issued to investors on Wednesday. The brokerage currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 22.30% from the company’s previous close.

Other research analysts have also issued research reports about the company. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 145 ($1.91) price target on shares of Marston's PLC in a research report on Wednesday, July 26th. Peel Hunt reaffirmed an “add” rating and set a GBX 140 ($1.84) price target on shares of Marston's PLC in a research report on Wednesday, July 26th. Shore Capital reaffirmed a “buy” rating on shares of Marston's PLC in a research report on Monday, August 7th. Finally, Liberum Capital started coverage on Marston's PLC in a research report on Wednesday, July 5th. They set a “buy” rating and a GBX 140 ($1.84) price target for the company. One equities research 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 currently has an average rating of “Hold” and an average target price of GBX 137.27 ($1.80).

Shares of Marston's PLC (LON:MARS) opened at 106.70 on Wednesday. The company’s market capitalization is GBX 613.95 million. Marston's PLC has a one year low of GBX 101.40 and a one year high of GBX 147.70. The firm has a 50-day moving average price of GBX 108.71 and a 200-day moving average price of GBX 123.94.

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In related news, insider Ralph Graham Findlay acquired 8,293 shares of Marston's PLC stock in a transaction that occurred on Thursday, September 28th. The stock was bought at an average price of GBX 107 ($1.41) per share, with a total value of £8,873.51 ($11,666.46).

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.

Analyst Recommendations for Marston's PLC (LON:MARS)

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