Marston's PLC (MARS) Stock Rating Reaffirmed by Beaufort Securities
MARS has been the topic of a number of other research reports. Numis Securities Ltd cut 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 research note on Wednesday, October 12th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 160 ($1.98) target price on shares of Marston's PLC in a research note on Thursday, October 13th. Goodbody reissued a hold rating on shares of Marston's PLC in a research note on Thursday, November 24th. Canaccord Genuity reissued a hold rating and issued a GBX 150 ($1.86) target price on shares of Marston's PLC in a research note on Wednesday, October 12th. Finally, N+1 Singer reissued a buy rating and issued a GBX 182 ($2.26) target price on shares of Marston's PLC in a research note on Thursday, November 24th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Marston's PLC currently has an average rating of Hold and a consensus price target of GBX 158.75 ($1.97).
Marston's PLC (LON:MARS) opened at 134.50 on Friday. The firm has a 50-day moving average of GBX 135.83 and a 200 day moving average of GBX 142.13. The firm’s market cap is GBX 773.10 million. Marston's PLC has a 1-year low of GBX 126.80 and a 1-year high of GBX 177.00.
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The firm also recently declared a dividend, which will be paid on Monday, January 30th. Stockholders of record on Thursday, December 15th will be issued a GBX 4.70 ($0.06) dividend. The ex-dividend date is Thursday, December 15th. This is a positive change from Marston's PLC’s previous dividend of $2.60. This represents a dividend yield of 3.56%.
In other news, insider Catherine Glickman bought 25,000 shares of Marston's PLC stock in a transaction on Friday, November 25th. The stock was purchased at an average cost of GBX 133 ($1.65) per share, with a total value of £33,250 ($41,247.98). Also, insider Ralph Graham Findlay bought 18,675 shares of Marston's PLC stock in a transaction on Monday, November 28th. The shares were purchased 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 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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