Marston's PLC (LON:MARS) Rating Reiterated by Peel Hunt
MARS has been the subject of a number of other reports. Numis Securities Ltd restated an add rating and issued a GBX 165 ($2.15) target price on shares of Marston's PLC in a research note on Friday, May 19th. Liberum Capital initiated coverage on Marston's PLC in a research note on Wednesday, July 5th. They issued a buy rating and a GBX 140 ($1.82) target price for the company. Beaufort Securities restated a buy rating on shares of Marston's PLC in a research note on Friday, May 19th. Deutsche Bank AG lowered their target price on Marston's PLC from GBX 145 ($1.89) to GBX 135 ($1.76) and set a hold rating for the company in a research note on Friday, June 23rd. Finally, Shore Capital restated a buy rating on shares of Marston's PLC in a research note on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 144.55 ($1.88).
Marston's PLC (MARS) opened at 116.20 on Wednesday. The firm’s 50-day moving average is GBX 122.50 and its 200-day moving average is GBX 132.61. Marston's PLC has a 12 month low of GBX 115.50 and a 12 month high of GBX 153.50. The firm’s market capitalization is GBX 668.61 million.
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The business also recently announced 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 related news, insider Matthew Roberts bought 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, for a total transaction of £34,500 ($44,945.28). Also, insider Andrew Andrea sold 27,313 shares of the firm’s stock in a transaction dated 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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