Marston’s’ (MARS) “Buy” Rating Reaffirmed at Peel Hunt
Peel Hunt restated their buy rating on shares of Marston’s (LON:MARS) in a research report released on Friday morning, ThisIsMoney.Co.Uk reports.
Several other research firms have also recently issued reports on MARS. Jefferies Financial Group raised their target price on Marston’s to GBX 50 ($0.62) and gave the stock an underperform rating in a research note on Tuesday, May 26th. Shore Capital reissued an under review rating on shares of Marston’s in a research note on Tuesday, May 26th. HSBC cut their target price on Marston’s to GBX 31 ($0.38) and set a hold rating on the stock in a research note on Wednesday, April 29th. Royal Bank of Canada cut their target price on Marston’s from GBX 130 ($1.60) to GBX 40 ($0.49) and set a sector performer rating on the stock in a research note on Tuesday, April 28th. Finally, Berenberg Bank initiated coverage on Marston’s in a research note on Monday, May 18th. They issued a hold rating and a GBX 50 ($0.62) target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 67.80 ($0.83).
LON MARS opened at GBX 57.60 ($0.71) on Friday. The company has a debt-to-equity ratio of 206.36, a current ratio of 0.36 and a quick ratio of 0.21. The stock has a market capitalization of $386.31 million and a PE ratio of -20.89. Marston’s has a 1 year low of GBX 18.40 ($0.23) and a 1 year high of GBX 133.80 ($1.65). The business’s 50-day moving average is GBX 53.90 and its 200 day moving average is GBX 78.97.
Marston's PLC operates managed, franchised, tenanted, and leased pubs and bars in the United Kingdom and internationally. The company operates through Destination and Premium, Taverns, Leased, and Brewing segments. It provides premium cask and bottled beers through its five breweries. The company is also involved in the property management and development, telecommunications, and insurance businesses.
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