Marston's PLC’s (MARS) Overweight Rating Reaffirmed at JPMorgan Chase & Co.
Marston's PLC (LON:MARS)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a report issued on Friday. They presently have a GBX 160 ($2.00) price objective on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 21.03% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Beaufort Securities restated a “buy” rating on shares of Marston's PLC in a report on Friday. Goodbody reiterated a “hold” rating on shares of Marston's PLC in a research note on Thursday. Shore Capital reiterated a “buy” rating on shares of Marston's PLC in a research note on Thursday. N+1 Singer reiterated a “buy” rating and set a GBX 182 ($2.27) target price on shares of Marston's PLC in a research note on Thursday. Finally, Numis Securities Ltd reiterated an “add” rating and set a GBX 165 ($2.06) target price on shares of Marston's PLC in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Marston's PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 162.08 ($2.02).
Shares of Marston's PLC (LON:MARS) opened at 133.00 on Friday. The company’s 50-day moving average price is GBX 136.54 and its 200 day moving average price is GBX 142.32. The company’s market cap is GBX 763.95 million. Marston's PLC has a 1-year low of GBX 126.80 and a 1-year high of GBX 177.00.
The company also recently announced a dividend, which will be paid on Monday, January 30th. Investors of record on Thursday, December 15th will be issued a GBX 4.70 ($0.06) dividend. The ex-dividend date is Thursday, December 15th. This represents a yield of 3.56%. This is an increase from Marston's PLC’s previous dividend of $2.60.
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About Marston's PLC
Marston’s PLC, engaged in the United Kingdom, is engaged in the operations of managed, tenanted, leased and franchised public houses, brewing beer and selling beer, wines, spirits and soft drinks. It operates around 2,000 pubs and bars across the United Kingdom. It operates five breweries: Banks’s Brewery in Wolverhampton; Marston’s Brewery in Burton upon Trent; Jennings Brewery in the Lake District; Ringwood Brewery in Hampshire, and Wychwood Brewery in Oxfordshire.
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