Today, Marston's PLC (MARS) Earns “Buy” Rating from Shore Capital

Today, Marston's PLC (MARS) Earns “Buy” Rating from Shore Capital

Shore Capital restated their buy rating on shares of Marston's PLC (LON:MARS) in a report published on Thursday morning.

Several other research firms also recently commented on MARS. JPMorgan Chase & Co. raised their price objective on Marston's PLC from GBX 150 ($1.86) to GBX 160 ($1.98) and gave the stock an overweight rating in a report on Thursday, July 28th. N+1 Singer raised their price objective on Marston's PLC from GBX 170 ($2.11) to GBX 182 ($2.26) and gave the stock a buy rating in a report on Wednesday, October 12th. Numis Securities Ltd reduced their price objective on Marston's PLC from GBX 185 ($2.30) to GBX 165 ($2.05) and set an add rating on the stock in a report on Wednesday, October 12th. Canaccord Genuity restated a hold rating and set a GBX 150 ($1.86) price objective on shares of Marston's PLC in a report on Wednesday, October 12th. Finally, Panmure Gordon restated a buy rating and set a GBX 175 ($2.17) price objective on shares of Marston's PLC in a report on Thursday, September 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 161.42 ($2.00).

Marston's PLC (LON:MARS) opened at 135.672 on Thursday. The stock has a 50 day moving average price of GBX 135.83 and a 200 day moving average price of GBX 142.13. The stock’s market cap is GBX 779.30 million. Marston's PLC has a 1-year low of GBX 126.80 and a 1-year high of GBX 177.00.

The company also recently declared a dividend, which will be paid on Monday, January 30th. Shareholders of record on Thursday, December 15th will be given a dividend of GBX 4.70 ($0.06) per share. The ex-dividend date of this dividend is Thursday, December 15th. This represents a yield of 3.56%. This is a boost from Marston's PLC’s previous dividend of $2.60.

In other news, insider Ralph Graham Findlay purchased 18,675 shares of the stock in a transaction on Monday, November 28th. The stock was bought at an average price of GBX 133 ($1.65) per share, with a total value of £24,837.75 ($30,812.24). Also, insider Catherine Glickman purchased 25,000 shares of the stock in a transaction on Friday, November 25th. The shares were purchased at an average cost of GBX 133 ($1.65) per share, with a total value of £33,250 ($41,247.98).

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