Shares in Marston’s PLC (MARS.L) have fallen dramatically from recent highs of 131.4p. Will it continue, or is this an opportunity to pick up a bargain?

• Now trading at 117.9p (at time of writing). A return to previous highs would represent a rise of 11%.
• This stock is one of the most significant fallers in the period.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Shares -10% from 12-month highs; +26% from 12 month lows.

Latest News

07:17:  Marston’s, the pub and brewing group, announced that pub sales on a like for like basis were up 1% in the year. Stronger sales of drinks were dragged back by poorer food sales.

27 Dec:  Marston’s has said that Octavia Morley will become a non-executive director on 1st January, 2020.  Morley will become Chairman of the Remuneration Committee.

28 Nov:  JP Morgan Cazenove reiterates its overweight rating on Marston’s (MARS) and increased the target price to 132p (from 127p).

27 Nov:  Marston’s posted a loss for the year after asset write-downs.

25 Nov:  Marston’s announced it had finalised the deal to sell of 137 pubs to Admiral Taverns for £44.9m.  The move was initially announced in November.

12 Nov:  Peel Hunt has upgraded its rating on Marston’s (MARS) to add (from hold) and increased the target price to 140p (from 125p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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