Marston's PLC (MARS) Earns Overweight Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their overweight rating on shares of Marston's PLC (LON:MARS) in a research report report published on Friday morning. The brokerage currently has a GBX 160 ($1.98) price objective on the stock.
Other analysts have also recently issued research reports about the company. N+1 Singer reiterated a buy rating and set a GBX 182 ($2.26) target price on shares of Marston's PLC in a research report on Thursday, November 24th. Goodbody reiterated a hold rating on shares of Marston's PLC in a research report on Thursday, November 24th. HSBC cut their target price on 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. Shore Capital reiterated a buy rating on shares of Marston's PLC in a research report on Thursday, November 24th. Finally, Beaufort Securities restated a buy rating on shares of Marston's PLC in a research report on Friday, November 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 158.75 ($1.97).
Marston's PLC (LON:MARS) opened at 134.10 on Friday. Marston's PLC has a one year low of GBX 126.80 and a one year high of GBX 177.00. The firm’s market cap is GBX 770.81 million. The firm’s 50 day moving average price is GBX 135.83 and its 200-day moving average price is GBX 142.13.
The business also recently announced 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. The ex-dividend date is Thursday, December 15th. This represents a yield of 3.56%. This is a positive change from Marston's PLC’s previous dividend of $2.60.
In other Marston's PLC news, insider Ralph Graham Findlay purchased 18,675 shares of the business’s stock in a transaction on Monday, November 28th. The stock was bought at an average cost of GBX 133 ($1.65) per share, for a total transaction of £24,837.75 ($30,812.24). Also, insider Catherine Glickman purchased 25,000 shares of the business’s stock in a transaction on 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).
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.
Receive News & Ratings for Marston's PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marston's PLC and related companies with MarketBeat.com's FREE daily email newsletter.