Marston’s (LON:MARS) Rating Reaffirmed
In an analyst note sent to investors and clients this morning, JP Morgan Cazenove has decided to restate their Neutral rating on Marston’s (LON:MARS) shares. The target PPS indicates a possible upside of 0.41% from firm’s closing share price.
From a total of 14 analysts covering Marston’s PLC (LON:MARS) stock, 7 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 180 while the lowest target price is GBX 135. The mean of all analyst targets is GBX 165.91 with a -2.98% below today’s (GBX 171) stock price. Marston’s PLC was the topic of 38 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on November 27 with “Underweight” rating. Canaccord Genuity maintained shares with “Hold” rating and GBX 175 target share price in a report from a November 26. JP Morgan maintained MARS stock in a recent report from November 27 with “Neutral” rating. Goodbody maintained the rating on November 19. Goodbody has a “Sell” rating and a GBX 135 price target on shares. Finally, Shore Capital maintained the stock with “Buy” rating in a report issued on a November 26.
The stock increased 1.18% or GBX 2 on November 27, striking GBX 171. Approximately 1.05M shares of stock traded hands or 61.29% up from the average. Marston’s PLC (LON:MARS) has risen 7.41% since May 1, 2015 and is uptrending. It has outperformed by 8.30% the S&P500.
Marston’s PLC, engaged in the United Kingdom, is engaged in the activities of managed, tenanted, leased and franchised public houses, brewing beer and selling beer, wines, spirits and soft drinks. The company has a market cap of 983.42 million GBP. It operates around 2,000 pubs and bars across the United Kingdom. It has 43.89 P/E ratio. It operates five breweries: Banks’s Brewery in Wolverhampton; Marston’s Brewery in Burton upon Trent; Jennings Brewery in the Lake District; Ringwood Brewery in Hampshire, and Wychwood Brewery in Oxfordshire.