Insider Buying: Marston's PLC (MARS) Insider Buys £24,837.75 in Stock
Marston's PLC (LON:MARS) 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 cost of GBX 133 ($1.65) per share, with a total value of £24,837.75 ($30,812.24).
Marston's PLC (LON:MARS) opened at 134.50 on Thursday. The firm’s market capitalization is GBX 773.10 million. Marston's PLC has a 52-week low of GBX 126.80 and a 52-week high of GBX 177.00. The firm has a 50-day moving average of GBX 135.83 and a 200-day moving average of GBX 142.13.
The company also recently declared a dividend, which will be paid on Monday, January 30th. Shareholders of record on Thursday, December 15th will be paid a GBX 4.70 ($0.06) dividend. The ex-dividend date is Thursday, December 15th. This represents a yield of 3.56%. This is a boost from Marston's PLC’s previous dividend of $2.60.
Several research analysts recently commented on MARS shares. Panmure Gordon reiterated a “buy” rating and issued a GBX 175 ($2.17) target price on shares of Marston's PLC in a report on Thursday, November 24th. Numis Securities Ltd dropped their target price on shares of Marston's PLC from GBX 185 ($2.30) to GBX 165 ($2.05) and set an “add” rating on the stock in a report on Wednesday, October 12th. N+1 Singer lifted their target price on shares of Marston's PLC from GBX 170 ($2.11) to GBX 182 ($2.26) and gave the stock a “buy” rating in a report on Wednesday, October 12th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 160 ($1.98) target price on shares of Marston's PLC in a report on Thursday, October 13th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Marston's PLC in a report on Thursday, October 13th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Marston's PLC presently has a consensus rating of “Hold” and an average price target of GBX 158.75 ($1.97).
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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