Marston's PLC (LON:MARS) had its target price trimmed by HSBC from GBX 140 ($1.69) to GBX 130 ($1.57) in a research note published on Monday. The brokerage currently has a hold rating on the stock.
A number of other equities analysts have also weighed in on the stock. Shore Capital reiterated a buy rating on shares of Marston's PLC in a research report on Monday, December 19th. Deutsche Bank AG reissued a hold rating and issued a GBX 145 ($1.75) target price on shares of Marston's PLC in a report on Thursday, December 8th. N+1 Singer reduced their target price on Marston's PLC from GBX 182 ($2.20) to GBX 150 ($1.81) and set a buy rating for the company in a report on Wednesday, November 30th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 160 ($1.93) target price on shares of Marston's PLC in a report on Friday, November 25th. Finally, Beaufort Securities reissued a buy rating on shares of Marston's PLC in a report on Friday, November 25th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 154.55 ($1.86).
Shares of Marston's PLC (LON:MARS) opened at 136.70 on Monday. The stock’s market cap is GBX 786.57 million. The company has a 50 day moving average of GBX 134.89 and a 200-day moving average of GBX 138.79. Marston's PLC has a one year low of GBX 126.80 and a one year high of GBX 163.00.
The firm also recently declared a dividend, which will be paid on Monday, January 30th. Shareholders of record on Thursday, December 15th will be issued a GBX 4.70 ($0.06) dividend. This is a boost from Marston's PLC’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, December 15th. This represents a yield of 3.56%.
In other Marston's PLC news, insider Catherine Glickman purchased 25,000 shares of the stock in a transaction on Friday, November 25th. The stock was bought at an average price of GBX 133 ($1.60) per share, for a total transaction of £33,250 ($40,113.40). Also, insider Ralph Graham Findlay purchased 18,675 shares of the stock in a transaction on Monday, November 28th. The stock was acquired at an average price of GBX 133 ($1.60) per share, with a total value of £24,837.75 ($29,964.71).
Marston's PLC Company Profile
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.