N+1 Singer Reiterates “Buy” Rating for Marston's PLC (MARS)
Marston's PLC (LON:MARS)‘s stock had its “buy” rating reiterated by equities research analysts at N+1 Singer in a research report issued on Thursday. They presently have a GBX 182 ($2.27) target price on the stock. N+1 Singer’s target price points to a potential upside of 36.64% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Panmure Gordon reiterated a “buy” rating and issued a GBX 175 ($2.19) price target on shares of Marston's PLC in a research report on Wednesday, July 27th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 185 ($2.31) price target on shares of Marston's PLC in a research report on Wednesday, July 27th. Goodbody reiterated a “hold” rating on shares of Marston's PLC in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Marston's PLC from GBX 150 ($1.87) to GBX 160 ($2.00) and gave the company an “overweight” rating in a research report on Thursday, July 28th. Finally, HSBC cut their price target on shares of Marston's PLC from GBX 150 ($1.87) to GBX 140 ($1.75) and set a “hold” rating on the stock in a research report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Marston's PLC has an average rating of “Hold” and a consensus price target of GBX 162.08 ($2.02).
Shares of Marston's PLC (LON:MARS) opened at 132.90 on Thursday. The company’s market capitalization is GBX 763.38 million. The firm has a 50-day moving average of GBX 136.21 and a 200 day moving average of GBX 142.25. Marston's PLC has a 52-week low of GBX 126.80 and a 52-week 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 paid a GBX 4.70 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, December 15th. This is a boost from Marston's PLC’s previous dividend of $2.60. This represents a dividend yield of 3.56%.
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Marston's PLC Company Profile
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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