Marston’s’ (MARS) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Marston’s (LON:MARS – Get Rating) in a research note released on Tuesday, Marketbeat reports. JPMorgan Chase & Co. currently has a GBX 54 ($0.67) price target on the stock.

Several other brokerages have also weighed in on MARS. Shore Capital reissued a buy rating on shares of Marston’s in a report on Tuesday, May 16th. Numis Securities reissued a hold rating and set a GBX 35 ($0.44) price objective on shares of Marston’s in a report on Tuesday, January 24th. Finally, Peel Hunt reissued a buy rating and set a GBX 75 ($0.93) price objective on shares of Marston’s in a report on Tuesday, May 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of GBX 52.10 ($0.65).

Marston’s Price Performance

Marston’s stock opened at GBX 32.65 ($0.41) on Tuesday. Marston’s has a 52-week low of GBX 32 ($0.40) and a 52-week high of GBX 62.35 ($0.78). The firm has a fifty day moving average of GBX 35.01 and a 200-day moving average of GBX 38.09. The firm has a market capitalization of £215.62 million, a P/E ratio of 163.25, a PEG ratio of -0.16 and a beta of 1.48. The company has a quick ratio of 0.23, a current ratio of 0.30 and a debt-to-equity ratio of 254.62.

Insiders Place Their Bets

In related news, insider Andrew Andrea acquired 29,259 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were bought at an average cost of GBX 34 ($0.42) per share, with a total value of £9,948.06 ($12,373.21). Company insiders own 1.61% of the company’s stock.

Marston’s Company Profile

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Marston's PLC operates managed, franchised, and leased pubs in the United Kingdom. As of October 11, 2022, the company operated 1,468 pubs. 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.