Ralph Graham Findlay Acquires 18,675 Shares of Marston's PLC (MARS) Stock
Marston's PLC (LON:MARS) insider Ralph Graham Findlay acquired 18,675 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was bought at an average cost of GBX 133 ($1.65) per share, with a total value of £24,837.75 ($30,812.24).
Marston's PLC (LON:MARS) opened at 135.60 on Wednesday. Marston's PLC has a 12 month low of GBX 126.80 and a 12 month high of GBX 177.00. The company has a 50-day moving average price of GBX 135.83 and a 200 day moving average price of GBX 142.13. The stock’s market capitalization is GBX 780.99 billion.
The business also recently declared a dividend, which will be paid on Monday, January 30th. Stockholders of record on Thursday, December 15th will be given a dividend of GBX 4.70 ($0.06) per share. This represents a dividend yield of 3.56%. This is an increase from Marston's PLC’s previous dividend of $2.60. The ex-dividend date is Thursday, December 15th.
A number of research firms recently weighed in on MARS. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 160 ($1.98) price target on shares of Marston's PLC in a report on Friday, November 25th. Beaufort Securities reaffirmed a “buy” rating on shares of Marston's PLC in a report on Friday, November 25th. Numis Securities Ltd reissued an “add” rating and set a GBX 165 ($2.05) target price on shares of Marston's PLC in a report on Thursday, November 24th. N+1 Singer reissued a “buy” rating and set a GBX 182 ($2.26) target price on shares of Marston's PLC in a report on Thursday, November 24th. Finally, Goodbody reissued a “hold” rating on shares of Marston's PLC in a report on Thursday, November 24th. Three investment 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 161.42 ($2.00).
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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