Marston’s’ (MARS) Buy Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Marston’s (LON:MARS) in a research report sent to investors on Wednesday, Marketbeat reports.

A number of other research firms also recently commented on MARS. Panmure Gordon reaffirmed a “buy” rating and set a GBX 80 price objective on shares of Marston’s in a research note on Tuesday, November 25th. Peel Hunt reaffirmed a “buy” rating and set a GBX 75 price target on shares of Marston’s in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Marston’s from GBX 78 to GBX 85 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Marston’s currently has a consensus rating of “Buy” and an average price target of GBX 80.

Marston’s Trading Down 0.2%

Shares of Marston’s stock opened at GBX 60.40 on Wednesday. Marston’s has a fifty-two week low of GBX 31.10 and a fifty-two week high of GBX 69.20. The firm has a market cap of £381.98 million, a PE ratio of 5.44, a P/E/G ratio of -0.16 and a beta of 1.68. The business’s fifty day moving average is GBX 61.09 and its two-hundred day moving average is GBX 48.48. The company has a quick ratio of 0.23, a current ratio of 0.36 and a debt-to-equity ratio of 198.96.

Marston’s (LON:MARS) last announced its quarterly earnings data on Monday, December 15th. The company reported GBX 8.50 EPS for the quarter. Marston’s had a negative return on equity of 2.72% and a negative net margin of 1.91%. Analysts anticipate that Marston’s will post 8.364486 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Justin Platt acquired 158,309 shares of the stock in a transaction on Wednesday, December 24th. The stock was bought at an average price of GBX 59 per share, with a total value of £93,402.31. 1.32% of the stock is currently owned by corporate insiders.

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. The company was founded in 1834 and is based in Wolverhampton, the United Kingdom.