Marston’s PLC (LON:MARS) announced a dividend on Wednesday, May 15th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 23rd will be paid a dividend of GBX 2.70 ($0.04) per share on Tuesday, July 2nd. This represents a dividend yield of 2.57%. The ex-dividend date is Thursday, May 23rd. The official announcement can be seen at this link.
Shares of LON:MARS traded up GBX 4 ($0.05) during trading on Wednesday, reaching GBX 105.20 ($1.37). The company had a trading volume of 4,743,127 shares, compared to its average volume of 2,400,000. The firm has a market cap of $665.49 million and a P/E ratio of 15.03. Marston’s has a twelve month low of GBX 89.20 ($1.17) and a twelve month high of GBX 112.30 ($1.47). The company has a current ratio of 0.70, a quick ratio of 0.27 and a debt-to-equity ratio of 180.13.
A number of analysts recently commented on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 100 ($1.31) target price on shares of Marston’s in a report on Monday, March 25th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marston’s in a report on Wednesday. Liberum Capital reiterated a “buy” rating on shares of Marston’s in a report on Wednesday, January 23rd. Peel Hunt reiterated a “buy” rating on shares of Marston’s in a report on Friday, January 18th. Finally, Shore Capital reiterated a “buy” rating on shares of Marston’s in a report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 109.13 ($1.43).
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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