Marston's (MARS) PT Lowered to GBX 115
Several other analysts also recently commented on MARS. Deutsche Bank cut their target price on Marston's from GBX 135 ($1.83) to GBX 110 ($1.49) and set a hold rating on the stock in a research note on Wednesday, October 18th. JPMorgan Chase & Co. cut their target price on Marston's from GBX 145 ($1.97) to GBX 130 ($1.76) and set an overweight rating on the stock in a research note on Wednesday, October 11th. Canaccord Genuity increased their target price on Marston's from GBX 110 ($1.49) to GBX 130 ($1.76) and gave the company a hold rating in a research note on Friday, September 22nd. Peel Hunt reiterated a buy rating and set a GBX 130 ($1.76) target price on shares of Marston's in a research note on Thursday, November 30th. Finally, Liberum Capital reiterated a buy rating and set a GBX 140 ($1.90) target price on shares of Marston's in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Marston's has a consensus rating of Hold and a consensus price target of GBX 123 ($1.67).
Shares of Marston's (MARS) opened at GBX 113.60 ($1.54) on Monday. The firm has a market capitalization of $731.55 and a P/E ratio of 811.43. Marston's has a 52 week low of GBX 99.85 ($1.35) and a 52 week high of GBX 147.70 ($2.00).
The company also recently declared a dividend, which will be paid on Monday, January 29th. Stockholders of record on Thursday, December 14th will be issued a dividend of GBX 4.80 ($0.07) per share. This represents a dividend yield of 4.11%. This is a boost from Marston's’s previous dividend of $2.70. The ex-dividend date of this dividend is Thursday, December 14th.
In other news, insider Ralph Graham Findlay purchased 165,438 shares of the stock in a transaction dated Tuesday, December 5th. The shares were purchased at an average cost of GBX 120 ($1.63) per share, with a total value of £198,525.60 ($269,223.76).
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Marston's Company Profile
Marston’s PLC is engaged in running pubs and beer brewing. The Company owns a range of assets from pubs to brands. The Company’s segments include Destination and Premium, which consists of food and drink sales, accommodation and gaming machine income; Taverns, which includes Food and drink sales, rent from licensed properties, accommodation and gaming machine income; Leased, which includes drink sales, rent from licensed properties and gaming machine income; Brewing, which comprises drink sales and third-party brewing, packaging and distribution, and Group Services.
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