Marston's PLC (LON:MARS) Given Buy Rating at Liberum Capital
Liberum Capital restated their buy rating on shares of Marston's PLC (LON:MARS) in a research note released on Wednesday morning. Liberum Capital currently has a GBX 140 ($1.82) price objective on the stock.
Several other equities research analysts have also weighed in on the company. Numis Securities Ltd reiterated an add rating and issued a GBX 145 ($1.89) price objective on shares of Marston's PLC in a research note on Wednesday. Shore Capital reiterated a buy rating on shares of Marston's PLC in a research note on Wednesday. Peel Hunt reiterated an add rating and issued a GBX 140 ($1.82) price objective on shares of Marston's PLC in a research note on Wednesday. Deutsche Bank AG lowered their price objective on Marston's PLC from GBX 145 ($1.89) to GBX 135 ($1.76) and set a hold rating on the stock in a research note on Friday, June 23rd. Finally, Beaufort Securities reiterated a buy rating on shares of Marston's PLC in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 144.55 ($1.88).
Shares of Marston's PLC (LON:MARS) opened at 116.20 on Wednesday. Marston's PLC has a one year low of GBX 115.50 and a one year high of GBX 153.50. The company’s market cap is GBX 668.61 million. The company has a 50 day moving average price of GBX 122.50 and a 200 day moving average price of GBX 132.61.
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The company also recently disclosed a dividend, which was paid on Tuesday, July 4th. Shareholders of record on Thursday, May 25th were issued a dividend of GBX 2.70 ($0.04) per share. This represents a yield of 1.97%. The ex-dividend date of this dividend was Thursday, May 25th.
In other news, insider Matthew Roberts acquired 25,000 shares of Marston's PLC stock in a transaction on Thursday, May 18th. The shares were purchased at an average price of GBX 138 ($1.80) per share, with a total value of £34,500 ($44,945.28). Also, insider Andrew Andrea sold 27,313 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of GBX 124 ($1.62), for a total value of £33,868.12 ($44,122.09).
Marston's PLC 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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