Marston's PLC (LON:MARS)‘s stock had its “add” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Friday. They presently have a GBX 165 ($2.13) target price on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 20.44% from the company’s previous close.
A number of other brokerages have also weighed in on MARS. Peel Hunt reissued an “add” rating and set a GBX 160 ($2.07) price objective on shares of Marston's PLC in a report on Monday. Shore Capital reaffirmed a “buy” rating on shares of Marston's PLC in a report on Thursday. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 150 ($1.94) price target on shares of Marston's PLC in a report on Tuesday, January 24th. Beaufort Securities reaffirmed a “buy” rating on shares of Marston's PLC in a report on Friday. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 145 ($1.87) price target on shares of Marston's PLC in a report on Wednesday, February 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Marston's PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 155.45 ($2.01).
Marston's PLC (LON:MARS) opened at 138.30 on Friday. Marston's PLC has a 1-year low of GBX 126.80 and a 1-year high of GBX 157.60. The stock’s market capitalization is GBX 795.78 million. The stock has a 50 day moving average price of GBX 140.52 and a 200-day moving average price of GBX 135.71.
The business also recently declared a dividend, which will be paid on Tuesday, July 4th. Investors of record on Thursday, May 25th will be given a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a dividend yield of 1.97%.
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In related news, insider Matthew Roberts purchased 25,000 shares of Marston's PLC stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average price of GBX 138 ($1.78) per share, for a total transaction of £34,500 ($44,533.37).
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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