Marston's PLC (LON:MARS) Stock Rating Reaffirmed by Barclays PLC
A number of other research analysts have also recently weighed in on MARS. Liberum Capital reissued a buy rating and set a GBX 140 ($1.82) price objective on shares of Marston's PLC in a research note on Wednesday, July 26th. Canaccord Genuity dropped their price objective on shares of Marston's PLC from GBX 145 ($1.89) to GBX 130 ($1.69) and set a hold rating for the company in a research note on Wednesday, July 26th. Numis Securities Ltd reissued an add rating and set a GBX 145 ($1.89) price objective on shares of Marston's PLC in a research note on Wednesday, July 26th. Shore Capital reaffirmed a buy rating on shares of Marston's PLC in a research note on Wednesday, July 26th. Finally, Peel Hunt lowered their target price on shares of Marston's PLC from GBX 160 ($2.08) to GBX 140 ($1.82) and set an add rating for the company in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Marston's PLC presently has a consensus rating of Hold and a consensus target price of GBX 144.55 ($1.88).
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The business also recently declared a dividend, which was paid on Tuesday, July 4th. Shareholders of record on Thursday, May 25th were issued a GBX 2.70 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, May 25th. This represents a dividend yield of 1.97%.
In other Marston's PLC news, insider Andrew Andrea sold 27,313 shares of Marston's PLC stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of GBX 124 ($1.62), for a total value of £33,868.12 ($44,122.09). Also, insider Matthew Roberts purchased 25,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was bought at an average price of GBX 138 ($1.80) per share, for a total transaction of £34,500 ($44,945.28).
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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