Marston's PLC (MARS) Receives Buy Rating from Panmure Gordon
Panmure Gordon reiterated their buy rating on shares of Marston's PLC (LON:MARS) in a research report sent to investors on Thursday. The brokerage currently has a GBX 175 ($2.17) price target on the stock.
Several other brokerages have also recently weighed in on MARS. Canaccord Genuity reaffirmed a hold rating and issued a GBX 150 ($1.86) price target on shares of Marston's PLC in a research report on Thursday, November 24th. JPMorgan Chase & Co. raised their price target on shares of Marston's PLC from GBX 150 ($1.86) to GBX 160 ($1.98) and gave the company an overweight rating in a research report on Thursday, July 28th. N+1 Singer raised their price target on shares of Marston's PLC from GBX 170 ($2.11) to GBX 182 ($2.26) and gave the company a buy rating in a research report on Wednesday, October 12th. HSBC dropped their price target on shares of Marston's PLC from GBX 150 ($1.86) to GBX 140 ($1.74) and set a hold rating on the stock in a research report on Monday, August 1st. Finally, Numis Securities Ltd reaffirmed a buy rating and issued a GBX 185 ($2.30) price target on shares of Marston's PLC in a research report on Wednesday, July 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Marston's PLC currently has a consensus rating of Hold and a consensus price target of GBX 161.42 ($2.00).
Marston's PLC (LON:MARS) opened at 135.60 on Thursday. The firm’s market cap is GBX 779.43 million. Marston's PLC has a 52-week low of GBX 126.80 and a 52-week high of GBX 177.00. The stock has a 50 day moving average price of GBX 135.83 and a 200 day moving average price of GBX 142.13.
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The firm also recently disclosed a dividend, which will be paid on Monday, January 30th. Investors of record on Thursday, December 15th will be paid a GBX 4.70 ($0.06) dividend. This represents a yield of 3.56%. This is a positive change from Marston's PLC’s previous dividend of $2.60. The ex-dividend date is Thursday, December 15th.
In other Marston's PLC news, insider Catherine Glickman acquired 25,000 shares of Marston's PLC stock in a transaction that occurred on Friday, November 25th. The stock was acquired at an average cost of GBX 133 ($1.65) per share, for a total transaction of £33,250 ($41,247.98). Also, insider Ralph Graham Findlay acquired 18,675 shares of Marston's PLC stock in a transaction that occurred on Monday, November 28th. The stock was acquired at an average price of GBX 133 ($1.65) per share, with a total value of £24,837.75 ($30,812.24).
About Marston's PLC
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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