Marston’s (LON:MARS) Price Target Raised to GBX 85

Marston’s (LON:MARS) had its target price lifted by JPMorgan Chase & Co. from GBX 78 to GBX 85 in a research note released on Tuesday, MarketBeat reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently weighed in on the stock. Shore Capital restated a “buy” rating on shares of Marston’s in a report on Wednesday, October 8th. Panmure Gordon reiterated a “buy” rating and set a GBX 80 price objective on shares of Marston’s in a research report on Tuesday, November 25th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 75 price objective on shares of Marston’s in a research note on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Marston’s currently has an average rating of “Buy” and an average price target of GBX 80.

Marston’s Stock Performance

LON:MARS opened at GBX 61 on Tuesday. The company has a 50-day moving average of GBX 46.69 and a 200-day moving average of GBX 42.77. The firm has a market cap of £387.14 million, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 198.96. Marston’s has a twelve month low of GBX 31.10 and a twelve month high of GBX 62.90.

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.