Marston’s’ (LON:MARS) “Purchase” Rating Repeats at Shore Capital

Marston’s’ (LON:MARS) “Purchase” Rating Repeats at Shore Capital

Shore Capital restated their buy rating on shares of Marston’s (LON:MARS) in a report issued on Wednesday, November 21st.

Other equities research analysts have also recently issued reports about the stock. Numis Securities restated an add rating and set a GBX 120 ($1.57) price objective on shares of Marston’s in a research report on Wednesday, October 10th. Liberum Capital reaffirmed a buy rating on shares of Marston’s in a research note on Thursday, November 1st. Finally, Peel Hunt lowered their target price on shares of Marston’s from GBX 140 ($1.83) to GBX 125 ($1.63) and set a buy rating for the company in a research note on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 113.89 ($1.49).

MARS traded up GBX 0.50 ($0.01) during midday trading on Wednesday, hitting GBX 100.50 ($1.31). 2,158,924 shares of the company traded hands, compared to its average volume of 2,400,000. Marston’s has a 52-week low of GBX 99.85 ($1.30) and a 52-week high of GBX 147.70 ($1.93).

The business also recently disclosed a dividend, which will be paid on Monday, January 28th. Shareholders of record on Thursday, December 13th will be issued a dividend of GBX 4.80 ($0.06) per share. The ex-dividend date is Thursday, December 13th. This represents a yield of 4.75%. This is a boost from Marston’s’s previous dividend of $2.70.

Marston’s Company Profile

Marston's PLC operates managed, franchised, tenanted, and leased pubs and bars in the United Kingdom and internationally. The company operates through Destination and Premium, Taverns, Leased, and Brewing segments. It provides premium cask and bottled beers through its five breweries. The company is also involved in the property management and development, telecommunications, and insurance businesses.

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