Marston's PLC’s (LON:MARS) Buy Rating Reiterated at Shore Capital
MARS has been the topic of a number of other reports. Liberum Capital assumed coverage on shares of Marston's PLC in a report on Wednesday, July 5th. They set a buy rating and a GBX 140 ($1.82) target price on the stock. Peel Hunt cut shares of Marston's PLC to an add rating and increased their target price for the stock from GBX 150 ($1.95) to GBX 160 ($2.08) in a report on Monday, May 8th. Deutsche Bank AG dropped their target price on shares of Marston's PLC from GBX 145 ($1.89) to GBX 135 ($1.76) and set a hold rating on the stock in a report on Friday, June 23rd. Beaufort Securities reissued a buy rating on shares of Marston's PLC in a report on Friday, May 19th. Finally, Numis Securities Ltd reissued an add rating and set a GBX 165 ($2.15) target price on shares of Marston's PLC in a 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 given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 144.55 ($1.88).
Marston's PLC (LON:MARS) opened at 116.20 on Wednesday. The firm’s market capitalization is GBX 668.61 million. The firm has a 50-day moving average of GBX 122.50 and a 200-day moving average of GBX 132.61. Marston's PLC has a 1-year low of GBX 115.50 and a 1-year high of GBX 153.50.
The business also recently announced a dividend, which was paid on Tuesday, July 4th. Shareholders of record on Thursday, May 25th were paid a dividend of GBX 2.70 ($0.04) per share. The ex-dividend date was Thursday, May 25th. This represents a yield of 1.97%.
In other news, insider Andrew Andrea sold 27,313 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of GBX 124 ($1.62), for a total transaction of £33,868.12 ($44,122.09). Also, insider Matthew Roberts acquired 25,000 shares of Marston's PLC stock in a transaction dated Thursday, May 18th. The shares were acquired at an average price of GBX 138 ($1.80) per share, with a total value of £34,500 ($44,945.28).
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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