Beaufort Securities Reaffirms Buy Rating for Marston's PLC (MARS)
Several other research analysts have also commented on the stock. Numis Securities Ltd restated an add rating and set a GBX 165 ($2.05) price target on shares of Marston's PLC in a research note on Thursday, November 24th. N+1 Singer reaffirmed a buy rating and set a GBX 182 ($2.26) price objective on shares of Marston's PLC in a report on Thursday, November 24th. Goodbody reaffirmed a hold rating on shares of Marston's PLC in a report on Thursday, November 24th. Shore Capital reaffirmed a buy rating on shares of Marston's PLC in a report on Thursday, November 24th. Finally, Panmure Gordon reaffirmed a buy rating and set a GBX 175 ($2.17) price objective on shares of Marston's PLC in a report on Thursday, November 24th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 161.42 ($2.00).
Marston's PLC (LON:MARS) opened at 133.40 on Friday. The company’s 50 day moving average is GBX 135.83 and its 200 day moving average is GBX 142.13. The firm’s market cap is GBX 766.78 million. Marston's PLC has a 12-month low of GBX 126.80 and a 12-month high of GBX 177.00.
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The firm also recently disclosed a dividend, which will be paid on Monday, January 30th. Stockholders of record on Thursday, December 15th will be paid a GBX 4.70 ($0.06) dividend. This is a boost from Marston's PLC’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, December 15th. This represents a dividend yield of 3.56%.
In other Marston's PLC news, insider Ralph Graham Findlay acquired 18,675 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was bought at an average price of GBX 133 ($1.65) per share, for a total transaction of £24,837.75 ($30,812.24). Also, insider Catherine Glickman acquired 25,000 shares of the company’s stock in a transaction dated Friday, November 25th. The stock was acquired at an average price of GBX 133 ($1.65) per share, with a total value of £33,250 ($41,247.98).
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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