Beaufort Securities Reaffirms “Buy” Rating for Marston's PLC (MARS)
Marston's PLC (LON:MARS)‘s stock had its “buy” rating reissued by investment analysts at Beaufort Securities in a research note issued to investors on Friday.
MARS has been the topic of several other research reports. Canaccord Genuity dropped their price objective on shares of Marston's PLC from GBX 150 ($1.95) to GBX 145 ($1.89) and set a “hold” rating on the stock in a research note on Tuesday, February 14th. Peel Hunt initiated coverage on shares of Marston's PLC in a research note on Tuesday, March 7th. They set a “buy” rating and a GBX 150 ($1.95) price objective on the stock. Barclays PLC dropped their price objective on shares of Marston's PLC from GBX 140 ($1.82) to GBX 130 ($1.69) and set an “underweight” rating on the stock in a research note on Thursday, February 2nd. Deutsche Bank AG reiterated a “hold” rating and set a GBX 145 ($1.89) price objective on shares of Marston's PLC in a research note on Wednesday, February 15th. Finally, Shore Capital reiterated a “buy” rating on shares of Marston's PLC in a research note on Tuesday, January 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Marston's PLC currently has a consensus rating of “Hold” and an average target price of GBX 153 ($1.99).
Marston's PLC (LON:MARS) traded down 0.51% during mid-day trading on Friday, hitting GBX 136.80. The stock had a trading volume of 4,571,841 shares. Marston's PLC has a one year low of GBX 126.80 and a one year high of GBX 157.60. The company has a 50 day moving average price of GBX 140.86 and a 200 day moving average price of GBX 135.78. The stock’s market cap is GBX 787.15 million.
The company also recently announced a dividend, which will be paid on Tuesday, July 4th. Shareholders of record on Thursday, May 25th will be given a GBX 2.70 ($0.04) dividend. This represents a yield of 1.97%. The ex-dividend date is Thursday, May 25th.
In other news, insider Matthew Roberts bought 25,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was purchased at an average price of GBX 138 ($1.80) per share, for a total transaction of £34,500 ($44,880.97).
About Marston's PLC
Marston’s PLC is engaged in running pubs and beer brewing. The Company owns a range of assets from pubs to brands. The Company’s segments include Destination and Premium, which consists of food and drink sales, accommodation and gaming machine income; Taverns, which includes Food and drink sales, rent from licensed properties, accommodation and gaming machine income; Leased, which includes drink sales, rent from licensed properties and gaming machine income; Brewing, which comprises drink sales and third-party brewing, packaging and distribution, and Group Services.
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