Shares of Marston’s Brewery (LON:MARS) dropped 12.2% during trading on Wednesday . The stock traded as low as GBX 98.30 ($1.33) and last traded at GBX 98.30 ($1.33). Approximately 13,120,449 shares were traded during trading, an increase of 447% from the average daily volume of 2,400,000 shares. The stock had previously closed at GBX 112 ($1.52).
A number of equities analysts have recently issued reports on MARS shares. HSBC dropped their price target on Marston’s Brewery from GBX 115 ($1.56) to GBX 100 ($1.36) and set a “hold” rating on the stock in a research note on Friday, February 16th. Liberum Capital restated a “buy” rating on shares of Marston’s Brewery in a research note on Friday, March 23rd. Peel Hunt restated a “buy” rating and issued a GBX 140 ($1.90) price target on shares of Marston’s Brewery in a research note on Friday, January 19th. JPMorgan Chase restated an “overweight” rating and issued a GBX 130 ($1.76) price target on shares of Marston’s Brewery in a research note on Wednesday, January 24th. Finally, Numis Securities downgraded Marston’s Brewery to a “hold” rating and set a GBX 125 ($1.70) price target on the stock. in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Marston’s Brewery presently has a consensus rating of “Hold” and an average target price of GBX 117.73 ($1.60).
The business also recently announced a dividend, which will be paid on Tuesday, July 3rd. Investors of record on Thursday, May 24th will be issued a GBX 2.70 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, May 24th. This represents a yield of 2.75%.
Marston’s Brewery 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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