Peel Hunt Reiterates “Buy” Rating for Marston’s (LON:MARS)

Marston’s (LON:MARS)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a research report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 75 target price on the stock. Peel Hunt’s target price would suggest a potential upside of 27.12% from the company’s previous close.

Several other equities research analysts have also issued reports on MARS. Shore Capital reaffirmed a “buy” rating on shares of Marston’s in a research note on Wednesday, October 8th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 80 target price on shares of Marston’s in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Marston’s currently has an average rating of “Buy” and a consensus price target of GBX 77.50.

Marston’s Price Performance

Shares of Marston’s stock traded up GBX 9 on Tuesday, hitting GBX 59. 33,230,145 shares of the company traded hands, compared to its average volume of 1,563,484. Marston’s has a 12-month low of GBX 31.10 and a 12-month high of GBX 60.90. The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 198.96. The company has a market cap of £374.45 million, a P/E ratio of 11.80, a P/E/G ratio of -0.16 and a beta of 1.68. The firm’s 50-day simple moving average is GBX 43.26 and its 200 day simple moving average is GBX 41.74.

About Marston’s

Marston’s PLC operates managed, franchised, tenanted, partnership, and leased pubs in the United Kingdom. It is also involved in the property management; telecommunications; and insurance businesses. The company was formerly known as The Wolverhampton & Dudley Breweries PLC and changed its name to Marston’s PLC in January 2007.