A leading analyst has sauid that he expects Marston’s to report a solid finish to its financial year with good progress made on its disposal programme.
Nick Batram at Peel Hunt said: “The final quarter should have been strong for the group after 6% LFL Q3 growth in managed. For the 42 weeks. The group was at +2.1% LFL, and we expect it to be there or thereabouts for the full year.
“Good progress has been made on the disposal programme and this, together with good cash flow, should continue to support £100m+ of expansion investment.
“Yield remains an attraction (+4%) and, with an improving consumer backdrop, the outlook continues to look positive.”
Batram recommended Marston’s as a Buy with a target price of 155p.
