Marston's PLC (MARS) PT Lowered to GBX 150 at N+1 Singer
Marston's PLC (LON:MARS) had its price target reduced by equities research analysts at N+1 Singer from GBX 182 ($2.26) to GBX 150 ($1.86) in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock. N+1 Singer’s price target suggests a potential upside of 10.62% from the company’s current price.
Several other equities research analysts have also weighed in on the company. Goodbody reissued a “hold” rating on shares of Marston's PLC in a research report on Thursday, November 24th. Shore Capital reissued a “buy” rating on shares of Marston's PLC in a research report on Thursday, November 24th. Beaufort Securities reissued a “buy” rating on shares of Marston's PLC in a research report on Friday, November 25th. Canaccord Genuity reissued a “hold” rating and set a GBX 150 ($1.86) target price on shares of Marston's PLC in a research report on Thursday, November 24th. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 175 ($2.17) target price on shares of Marston's PLC in a research report on Thursday, November 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 158.75 ($1.97).
Marston's PLC (LON:MARS) traded down 0.81% during midday trading on Wednesday, reaching GBX 134.50. The company’s stock had a trading volume of 3,582,649 shares. The stock’s 50 day moving average is GBX 135.83 and its 200 day moving average is GBX 142.13. The stock’s market cap is GBX 773.10 million. Marston's PLC has a 12-month low of GBX 126.80 and a 12-month high of GBX 177.00.
The firm also recently declared 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 is Thursday, December 15th. This is an increase from Marston's PLC’s previous dividend of $2.60. This represents a dividend yield of 3.56%.
In other news, insider Catherine Glickman acquired 25,000 shares of Marston's PLC stock in a transaction that occurred on Friday, November 25th. The stock was purchased at an average cost of GBX 133 ($1.65) per share, with a total value of £33,250 ($41,247.98). Also, insider Ralph Graham Findlay acquired 18,675 shares of Marston's PLC stock in a transaction that occurred on Monday, November 28th. The shares were purchased at an average cost of GBX 133 ($1.65) per share, with a total value of £24,837.75 ($30,812.24).
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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