Marston’s (LON:MARS) Hits New 52-Week High at $118.00

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Marston’s PLC (LON:MARS)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 118 ($1.54) and last traded at GBX 115.40 ($1.51), with a volume of 828022 shares changing hands. The stock had previously closed at GBX 114.20 ($1.49).

MARS has been the subject of a number of research analyst reports. Canaccord Genuity raised shares of Marston’s to a “buy” rating and lifted their price objective for the stock from GBX 105 ($1.37) to GBX 115 ($1.50) in a research report on Wednesday, February 20th. JPMorgan Chase & Co. reduced their price objective on shares of Marston’s from GBX 125 ($1.63) to GBX 123 ($1.61) and set an “overweight” rating for the company in a research report on Tuesday, March 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 100 ($1.31) price objective on shares of Marston’s in a research report on Monday, March 25th. Peel Hunt cut shares of Marston’s to an “add” rating and reduced their price objective for the stock from GBX 125 ($1.63) to GBX 115 ($1.50) in a research report on Friday, April 12th. Finally, Numis Securities reaffirmed an “add” rating and set a GBX 120 ($1.57) price objective on shares of Marston’s in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 113.14 ($1.48).

The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 200.11. The firm has a market capitalization of $723.05 million and a price-to-earnings ratio of 9.85.

The company also recently announced a dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Thursday, May 23rd will be issued a dividend of GBX 2.70 ($0.04) per share. This represents a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, May 23rd. Marston’s’s dividend payout ratio is currently 0.60%.

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Marston’s Company Profile (LON:MARS)

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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