Panmure Gordon Reiterates Buy Rating for Marston's PLC (MARS)

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Marston's PLC (LON:MARS)‘s stock had its “buy” rating reaffirmed by research analysts at Panmure Gordon in a report issued on Thursday. They presently have a GBX 175 ($2.33) price objective on the stock. Panmure Gordon’s target price would suggest a potential upside of 21.87% from the company’s previous close.
Several other analysts have also recently weighed in on the stock. Citigroup Inc. cut shares of Marston's PLC to a “sell” rating in a report on Thursday, July 7th. JPMorgan Chase & Co. upgraded shares of Marston's PLC to an “overweight” rating and cut their price target for the company from GBX 160 ($2.13) to GBX 150 ($2.00) in a report on Monday, July 4th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 175 ($2.33) price target on shares of Marston's PLC in a report on Wednesday, June 29th. Shore Capital reiterated a “buy” rating on shares of Marston's PLC in a report on Wednesday, May 18th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 185 ($2.46) price target on shares of Marston's PLC in a report on Wednesday, May 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 165.54 ($2.20).
Marston's PLC (LON:MARS) traded up 1.06% during mid-day trading on Thursday, reaching GBX 143.60. 1,068,552 shares of the company were exchanged. The stock has a 50-day moving average price of GBX 144.44 and a 200 day moving average price of GBX 146.72. The company’s market capitalization is GBX 824.84 million. Marston's PLC has a one year low of GBX 126.80 and a one year high of GBX 177.00.

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Marston's PLC Company Profile
Marston’s PLC, engaged in the United Kingdom, is engaged in the operations of managed, tenanted, leased and franchised public houses, brewing beer and selling beer, wines, spirits and soft drinks. It operates around 2,000 pubs and bars across the United Kingdom. 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.

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