N+1 Singer Reaffirms Buy Rating for Marston's PLC (MARS)
A number of other equities analysts have also recently commented on MARS. Panmure Gordon reaffirmed a buy rating and set a GBX 175 ($2.17) price objective on shares of Marston's PLC in a research report on Wednesday, July 27th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 185 ($2.30) price objective on shares of Marston's PLC in a research report on Wednesday, July 27th. Canaccord Genuity reissued a hold rating and issued a GBX 175 ($2.17) target price on shares of Marston's PLC in a research report on Wednesday, July 27th. Shore Capital reissued a buy rating on shares of Marston's PLC in a research report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. boosted their target price 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. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Marston's PLC currently has an average rating of Hold and an average target price 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 50-day moving average is GBX 135.83 and its 200-day moving average is GBX 142.13. The company’s market cap is GBX 779.30 million.
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The firm also recently announced a dividend, which will be paid on Monday, January 30th. Shareholders of record on Thursday, December 15th will be paid a dividend of GBX 4.70 ($0.06) per share. This is an increase from Marston's PLC’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, December 15th. This represents a yield of 3.56%.
In other Marston's PLC news, insider Ralph Graham Findlay bought 18,675 shares of the stock in a transaction on Monday, November 28th. The stock was purchased at an average price of GBX 133 ($1.65) per share, with a total value of £24,837.75 ($30,812.24). Also, insider Catherine Glickman bought 25,000 shares of the stock in a transaction on Friday, November 25th. The shares were acquired at an average cost of GBX 133 ($1.65) per share, with a total value 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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