Marston’s Rating Increased to Buy at Jefferies Group (MARS)
Marston’s (LON:MARS) was upgraded by investment analysts at Jefferies Group to a “buy” rating in a note issued to investors on Wednesday, AnalystRatings.Net reports. The firm currently has a GBX 180 ($2.95) target price on the stock, up from their previous target price of GBX 155 ($2.54). Jefferies Group’s target price points to a potential upside of 21.21% from the stock’s previous close.
Marston’s (LON:MARS) traded up 2.27% on Wednesday, hitting GBX 148.50. 899,506 shares of the company’s stock traded hands. Marston’s has a 52 week low of GBX 121.90 and a 52 week high of GBX 166.00. The stock has a 50-day moving average of GBX 146.2 and a 200-day moving average of GBX 150.9. The company’s market cap is £845.9 million.
The company also recently declared a dividend, which is scheduled for Monday, February 3rd. Stockholders of record on Wednesday, December 18th will be given a dividend of GBX 4.10 ($0.07) per share. This represents a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, December 18th.
Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer reiterated a “buy” rating on shares of Marston’s in a research note to investors on Monday. They now have a GBX 163 ($2.67) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Marston’s in a research note to investors on Monday, December 9th. They now have a GBX 150 ($2.46) price target on the stock. Finally, analysts at Barclays downgraded shares of Marston’s to an “equal weight” rating in a research note to investors on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 153.06 ($2.51).
Marston’s PLC is engaged in operating managed, tenanted and leased public houses, brewing beer and wholesaling beer, wines spirits and soft drinks.
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