Follow The Ratings: Equity Analysts at N+1 Singer Maintained their “Buy” rating for Marston’s PLC (LON:MARS). The Price Objective is Set to GBX 150.00

November 30, 2016 - By whatsonthorold

Marston’s PLC (LON:MARS) Rating

The financial firm have set TP of GBX 150.00 on Marston’s PLC (LON:MARS) shares. This is 11.40% from the previous close. In a research note issued to clients and investors on 30 November, N+1 Singer reconfirmed their “Buy” rating on shares of MARS.

Marston’s PLC (LON:MARS) Ratings Coverage

Out of 17 analysts covering Marston’s PLC (LON:MARS), 8 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 47% are positive. GBX 185 is the highest target while GBX 130 is the lowest. The GBX 162.64 average target is 20.65% above today’s (GBX 134.8) stock price. Marston’s PLC has been the topic of 90 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, January 26 by Canaccord Genuity. The stock of Marston’s PLC (LON:MARS) has “Neutral” rating given on Monday, November 23 by Nomura. The stock has “Sell” rating given by Goodbody on Thursday, July 30. The rating was maintained by Canaccord Genuity on Wednesday, October 12 with “Hold”. The stock has “Buy” rating given by Panmure Gordon on Thursday, September 15. On Monday, August 1 the stock rating was maintained by HSBC with “Hold”. Shore Capital maintained the stock with “Buy” rating in Thursday, November 26 report. As per Thursday, November 26, the company rating was maintained by Canaccord Genuity. JP Morgan maintained it with “Neutral” rating and GBX 170 target price in Thursday, July 23 report. Panmure Gordon maintained it with “Buy” rating and GBX 175 target price in Wednesday, July 27 report.

About 1.74M shares traded hands. Marston’s PLC (LON:MARS) has declined 5.37% since May 3, 2016 and is downtrending. It has underperformed by 10.60% 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 776.38 million GBP. It operates around 2,000 pubs and bars across the United Kingdom. It has a 10.72 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.

Another recent and important Marston’s PLC (LON:MARS) news was published by Fool.Co.Uk which published an article titled: “Why Lloyds Banking Group PLC & Marstons PLC Offer Irresistible Bang For Your Buck!” on November 26, 2015.

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