Berenberg Bank Trims Marston's (MARS) Target Price to GBX 115
Marston's (LON:MARS) had its target price trimmed by Berenberg Bank from GBX 120 ($1.63) to GBX 115 ($1.56) in a research note released on Monday morning. The brokerage currently has a hold rating on the stock.
A number of other research firms also recently weighed in on MARS. Deutsche Bank upped their price target on Marston's from GBX 110 ($1.49) to GBX 115 ($1.56) and gave the stock a hold rating in a research report on Tuesday, December 12th. Peel Hunt upped their price target on Marston's from GBX 130 ($1.76) to GBX 140 ($1.90) and gave the stock a buy rating in a research report on Wednesday, December 6th. Canaccord Genuity upped their price target on Marston's from GBX 110 ($1.49) to GBX 115 ($1.56) and gave the stock a hold rating in a research report on Wednesday, December 6th. N+1 Singer reaffirmed a buy rating and set a GBX 120 ($1.63) price target on shares of Marston's in a research report on Thursday, November 30th. Finally, Shore Capital reaffirmed a buy rating on shares of Marston's in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Marston's has an average rating of Hold and a consensus target price of GBX 123 ($1.67).
Marston's (LON MARS) traded down GBX 0.60 ($0.01) during trading hours on Monday, reaching GBX 115.90 ($1.57). The company’s stock had a trading volume of 2,830,000 shares, compared to its average volume of 2,760,000. 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 firm has a market cap of $734.72 and a P/E ratio of 827.86.
The firm also recently declared a dividend, which will be paid on Monday, January 29th. Investors of record on Thursday, December 14th will be paid a GBX 4.80 ($0.07) dividend. This represents a yield of 4.11%. The ex-dividend date is Thursday, December 14th. This is a boost from Marston's’s previous dividend of $2.70.
In other Marston's news, insider Ralph Graham Findlay purchased 165,438 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average price of GBX 120 ($1.63) per share, for a total transaction of £198,525.60 ($269,223.76).
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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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