Canaccord Genuity Increases Marston's (LON:MARS) Price Target to GBX 115

Marston's (LON:MARS) had its target price hoisted by Canaccord Genuity from GBX 110 ($1.47) to GBX 115 ($1.54) in a report published on Wednesday, December 6th. The brokerage currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on the stock. Peel Hunt increased their target price on shares of Marston's from GBX 130 ($1.74) to GBX 140 ($1.87) and gave the stock a buy rating in a report on Wednesday, December 6th. Numis Securities reissued an add rating and set a GBX 125 ($1.67) target price on shares of Marston's in a report on Thursday, November 30th. Liberum Capital reissued a buy rating and set a GBX 140 ($1.87) target price on shares of Marston's in a report on Thursday, November 30th. Shore Capital reissued a buy rating on shares of Marston's in a report on Thursday, November 30th. Finally, N+1 Singer reissued a buy rating and set a GBX 120 ($1.60) target price on shares of Marston's in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Marston's presently has a consensus rating of Buy and an average price target of GBX 128.50 ($1.72).

Marston's (LON MARS) remained flat at $GBX 112.50 ($1.50) on Wednesday. 540,057 shares of the company’s stock were exchanged, compared to its average volume of 2,680,000. The stock has a market capitalization of $718.35 and a price-to-earnings ratio of 803.57. Marston's has a one year low of GBX 99.85 ($1.34) and a one year high of GBX 147.70 ($1.97).

The company also recently disclosed a dividend, which will be paid on Monday, January 29th. Investors of record on Thursday, December 14th will be issued a GBX 4.80 ($0.06) dividend. This represents a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Marston's’s previous dividend of $2.70.

In other news, insider Ralph Graham Findlay acquired 165,438 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average price of GBX 120 ($1.60) per share, with a total value of £198,525.60 ($265,444.04).

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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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