Marston’s PLC (LON:MARS) insider Octavia Morley bought 25,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were purchased at an average price of GBX 58 ($0.71) per share, for a total transaction of £14,500 ($17,843.96).
Shares of LON MARS opened at GBX 57.60 ($0.71) on Wednesday. The stock has a market capitalization of $380.37 million and a price-to-earnings ratio of -20.57. Marston’s PLC has a 52 week low of GBX 18.40 ($0.23) and a 52 week high of GBX 133.80 ($1.65). The firm has a 50-day moving average price of GBX 54.33 and a 200 day moving average price of GBX 78.61. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 206.36.
Several research firms recently commented on MARS. Shore Capital reiterated an “under review” rating on shares of Marston’s in a research report on Tuesday, May 26th. JPMorgan Chase & Co. dropped their price target on Marston’s from GBX 128 ($1.58) to GBX 57 ($0.70) and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Peel Hunt reaffirmed a “buy” rating and set a GBX 95 ($1.17) price objective on shares of Marston’s in a research note on Tuesday, June 9th. Berenberg Bank began coverage on Marston’s in a research note on Monday, May 18th. They issued a “hold” rating and a GBX 50 ($0.62) target price on the stock. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Marston’s in a research note on Monday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Marston’s currently has an average rating of “Hold” and an average price target of GBX 67.80 ($0.83).
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.
Further Reading: Neutral Rating
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