Marston's PLC’s (LON:MARS) “Add” Rating Reiterated at Numis Securities Ltd
Several other research analysts have also recently issued reports on the company. Peel Hunt cut Marston's PLC to an add rating and raised their target price for the stock from GBX 150 ($1.95) to GBX 160 ($2.08) in a research report on Monday, May 8th. Shore Capital reissued a buy rating on shares of Marston's PLC in a research report on Thursday, May 18th. 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 report on Friday, June 23rd. Liberum Capital assumed coverage on Marston's PLC in a research report on Wednesday, July 5th. They set a buy rating and a GBX 140 ($1.82) price objective on the stock. Finally, Beaufort Securities reaffirmed a buy rating on shares of Marston's PLC in a research report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average 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 12 month low of GBX 115.50 and a 12 month high of GBX 153.50. The stock’s 50 day moving average price is GBX 122.50 and its 200 day moving average price is GBX 132.61. The company’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. Stockholders of record on Thursday, May 25th were given a dividend of GBX 2.70 ($0.04) per share. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, May 25th.
In other Marston's PLC news, insider Matthew Roberts acquired 25,000 shares of the company’s stock in a transaction that occurred 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). Also, insider Andrew Andrea sold 27,313 shares of the business’s 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).
About Marston's PLC
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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