Canaccord Genuity Reaffirms Hold Rating for Marston's PLC (MARS)
Canaccord Genuity restated their hold rating on shares of Marston's PLC (LON:MARS) in a research report report published on Thursday morning. Canaccord Genuity currently has a GBX 150 ($1.86) target price on the stock.
Other research analysts also recently issued research reports about the company. Panmure Gordon reaffirmed a buy rating and issued a GBX 175 ($2.17) price objective on shares of Marston's PLC in a research note on Wednesday, July 27th. Shore Capital reaffirmed a buy rating on shares of Marston's PLC in a research note on Wednesday, July 27th. JPMorgan Chase & Co. upped their price objective on Marston's PLC from GBX 150 ($1.86) to GBX 160 ($1.98) and gave the company an overweight rating in a research note on Thursday, July 28th. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 185 ($2.30) price objective on shares of Marston's PLC in a research note on Wednesday, July 27th. Finally, HSBC lowered their price objective on Marston's PLC from GBX 150 ($1.86) to GBX 140 ($1.74) and set a hold rating for the company in a research note on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 161.42 ($2.00).
Shares of Marston's PLC (LON:MARS) opened at 135.672 on Thursday. Marston's PLC has a one year low of GBX 126.80 and a one year high of GBX 177.00. The firm’s market capitalization is GBX 779.30 million. The firm’s 50-day moving average is GBX 135.83 and its 200 day moving average is GBX 142.13.
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The company also recently announced a dividend, which will be paid on Monday, January 30th. Investors of record on Thursday, December 15th will be issued a GBX 4.70 ($0.06) dividend. This is a boost from Marston's PLC’s previous dividend of $2.60. This represents a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, December 15th.
In other news, insider Ralph Graham Findlay bought 18,675 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The shares were bought at an average cost of GBX 133 ($1.65) per share, for a total transaction of £24,837.75 ($30,812.24). Also, insider Catherine Glickman bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The stock was purchased at an average price of GBX 133 ($1.65) per share, for a total transaction of £33,250 ($41,247.98).
Marston's PLC Company Profile
Marston’s PLC, engaged in the United Kingdom, is engaged in the operations of managed, tenanted, leased and franchised public houses, brewing beer and selling beer, wines, spirits and soft drinks. It operates around 2,000 pubs and bars across the United Kingdom. It operates five breweries: Banks’s Brewery in Wolverhampton; Marston’s Brewery in Burton upon Trent; Jennings Brewery in the Lake District; Ringwood Brewery in Hampshire, and Wychwood Brewery in Oxfordshire.
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