Shore Capital Group Reiterates Buy Rating for Marston’s (LON:MARS)

Marston’s (LON:MARS – Get Free Report)‘s stock had its “buy” rating restated by Shore Capital Group in a report issued on Friday,Digital Look reports. They presently have a GBX 90 price target on the stock. Shore Capital Group’s target price would indicate a potential upside of 81.09% from the company’s previous close.

Separately, JPMorgan Chase & Co. dropped their target price on Marston’s from GBX 85 to GBX 81 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 81.50.

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Marston’s Stock Performance

Marston’s stock traded down GBX 1.20 during midday trading on Friday, reaching GBX 49.70. 997,050 shares of the company traded hands, compared to its average volume of 3,759,680. Marston’s has a 12 month low of GBX 35.88 and a 12 month high of GBX 69.20. The company has a debt-to-equity ratio of 154.69, a current ratio of 0.30 and a quick ratio of 0.23. The business has a 50 day moving average of GBX 49.07 and a two-hundred day moving average of GBX 55.57. The firm has a market capitalization of £314.53 million, a price-to-earnings ratio of 4.25, a price-to-earnings-growth ratio of -0.16 and a beta of 0.91.

Marston’s (LON:MARS – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported GBX 2.30 earnings per share for the quarter. The business had revenue of £422.70 million during the quarter. Marston’s had a net margin of 8.35% and a return on equity of 9.30%. As a group, research analysts predict that Marston’s will post 8.364486 earnings per share for the current year.

About Marston’s

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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.

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