Marston's PLC (MARS) Insider Acquires £24,961.94 in Stock
Marston's PLC (LON:MARS) insider Ralph Graham Findlay acquired 23,549 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was purchased at an average cost of GBX 106 ($1.37) per share, with a total value of £24,961.94 ($32,238.07).
Shares of Marston's PLC (MARS) traded down 7.49% during trading on Friday, hitting GBX 105.00. 3,762,479 shares of the stock traded hands. The firm has a 50 day moving average price of GBX 115.37 and a 200-day moving average price of GBX 128.58. Marston's PLC has a one year low of GBX 103.50 and a one year high of GBX 153.50. The company’s market cap is GBX 604.17 million.
A number of research firms have weighed in on MARS. HSBC Holdings plc reissued a “hold” rating and issued a GBX 115 ($1.49) price objective on shares of Marston's PLC in a research report on Friday, September 1st. Shore Capital reissued a “buy” rating on shares of Marston's PLC in a research report on Monday, August 7th. Barclays PLC reissued an “underweight” rating and issued a GBX 115 ($1.49) price objective on shares of Marston's PLC in a research report on Thursday, July 27th. Canaccord Genuity decreased their price objective on shares of Marston's PLC from GBX 145 ($1.87) to GBX 130 ($1.68) and set a “hold” rating for the company in a research report on Wednesday, July 26th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Marston's PLC in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 143.18 ($1.85).
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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