Panmure Gordon Reaffirms Buy Rating for Marston’s (LON:MARS)

Marston’s (LON:MARS)‘s stock had its “buy” rating reaffirmed by Panmure Gordon in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 80 price objective on the stock. Panmure Gordon’s target price points to a potential upside of 39.13% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Peel Hunt restated a “buy” rating and issued a GBX 75 price objective on shares of Marston’s in a report on Wednesday, October 8th. Shore Capital reiterated a “buy” rating on shares of Marston’s in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 77.50.

Marston’s Price Performance

MARS opened at GBX 57.50 on Tuesday. The company has a debt-to-equity ratio of 198.96, a quick ratio of 0.23 and a current ratio of 0.36. The stock has a market capitalization of £364.93 million, a PE ratio of 11.50, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The stock’s 50 day moving average price is GBX 44.05 and its 200-day moving average price is GBX 41.97. Marston’s has a 52-week low of GBX 31.10 and a 52-week high of GBX 60.90.

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.