Marston's PLC (MARS) Given Consensus Recommendation of “Hold” by Analysts
Shares of Marston's PLC (LON:MARS) have earned an average rating of “Hold” from the fourteen research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 152 ($1.93).
A number of equities research analysts have weighed in on MARS shares. Peel Hunt downgraded Marston's PLC to an “add” rating and lifted their price objective for the company from GBX 150 ($1.91) to GBX 160 ($2.04) in a report on Monday, May 8th. Shore Capital reiterated a “buy” rating on shares of Marston's PLC in a research note on Thursday, May 18th. Numis Securities Ltd reiterated an “add” rating and issued a GBX 165 ($2.10) target price on shares of Marston's PLC in a research note on Friday, May 19th. Berenberg Bank began coverage on shares of Marston's PLC in a research note on Tuesday, March 7th. They issued a “buy” rating and a GBX 170 ($2.16) target price for the company. Finally, Beaufort Securities reiterated a “buy” rating on shares of Marston's PLC in a research note on Friday, May 19th.
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Shares of Marston's PLC (LON:MARS) opened at 121.80 on Friday. The firm’s 50-day moving average price is GBX 132.75 and its 200 day moving average price is GBX 134.79. The firm’s market cap is GBX 700.84 million. Marston's PLC has a 52 week low of GBX 120.40 and a 52 week high of GBX 155.80.
The company also recently declared a dividend, which will be paid on Tuesday, July 4th. Investors of record on Thursday, May 25th will be given a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a dividend yield of 1.97%.
In other news, insider Andrew Andrea sold 27,313 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of GBX 124 ($1.58), for a total transaction of £33,868.12 ($43,078.25). Also, insider Matthew Roberts purchased 25,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were acquired at an average cost of GBX 138 ($1.76) per share, with a total value of £34,500 ($43,881.96).
Marston's PLC Company Profile
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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