Trade Report: The Marston's PLC (MARS) Stock Rating Reaffirm by Panmure Gordon

The Marston's PLC (MARS) Stock Rating Reaffirm by Panmure Gordon

Marston's PLC (LON:MARS)‘s stock had its “buy” rating reiterated by analysts at Panmure Gordon in a research report issued on Thursday. They currently have a GBX 175 ($2.19) price objective on the stock. Panmure Gordon’s price objective points to a potential upside of 31.38% from the stock’s current price.

MARS has been the subject of a number of other reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 160 ($2.00) target price on shares of Marston's PLC in a report on Thursday, October 13th. Beaufort Securities reaffirmed a “buy” rating on shares of Marston's PLC in a report on Thursday, October 13th. N+1 Singer increased their target price on shares of Marston's PLC from GBX 170 ($2.12) to GBX 182 ($2.27) and gave the company a “buy” rating in a report on Wednesday, October 12th. Numis Securities Ltd dropped their target price on shares of Marston's PLC from GBX 185 ($2.31) to GBX 165 ($2.06) and set an “add” rating for the company in a report on Wednesday, October 12th. Finally, Canaccord Genuity reissued a “hold” rating and set a GBX 150 ($1.87) price objective on shares of Marston's PLC in a research note on Wednesday, October 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 162.08 ($2.02).

Shares of Marston's PLC (LON:MARS) opened at 132.90 on Thursday. The firm has a 50-day moving average price of GBX 136.21 and a 200-day moving average price of GBX 142.25. Marston's PLC has a 12 month low of GBX 126.80 and a 12 month high of GBX 177.00. The stock’s market cap is GBX 763.38 million.

The business 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 represents a dividend yield of 3.56%. The ex-dividend date is Thursday, December 15th. This is a positive change from Marston's PLC’s previous dividend of $2.60.

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