Peel Hunt Reaffirms “Buy” Rating for Marston's (MARS)

Peel Hunt reaffirmed their buy rating on shares of Marston's (LON:MARS) in a report issued on Friday. They currently have a GBX 140 ($1.90) target price on the stock.

Other analysts have also recently issued reports about the company. Numis Securities reiterated an add rating and set a GBX 125 ($1.70) price target on shares of Marston's in a research report on Friday, September 15th. Liberum Capital reiterated a buy rating and set a GBX 140 ($1.90) price target on shares of Marston's in a research report on Tuesday, October 10th. Shore Capital reiterated a buy rating on shares of Marston's in a research report on Tuesday, October 10th. N+1 Singer reiterated a buy rating and set a GBX 120 ($1.63) price target on shares of Marston's in a research report on Thursday, November 30th. Finally, Deutsche Bank dropped their price target on Marston's from GBX 135 ($1.83) to GBX 110 ($1.49) and set a hold rating for the company in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 123 ($1.67).

Shares of Marston's (MARS) opened at GBX 116.50 ($1.58) on Friday. Marston's has a 12-month low of GBX 99.85 ($1.35) and a 12-month high of GBX 147.70 ($2.00). The company has a market capitalization of $738.53 and a P/E ratio of 832.14.

The firm also recently declared a dividend, which will be paid on Monday, January 29th. Stockholders of record on Thursday, December 14th will be paid a GBX 4.80 ($0.07) dividend. This represents a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Marston's’s previous dividend of $2.70.

In other Marston's news, insider Ralph Graham Findlay purchased 165,438 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were acquired at an average price of GBX 120 ($1.63) per share, with a total value of £198,525.60 ($269,223.76).

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Marston's 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.

Analyst Recommendations for Marston's (LON:MARS)

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