Insider Buying: Marston’s PLC (MARS) Insider Acquires £198,525.60 in Stock

Marston’s PLC (LON:MARS) insider Ralph Graham Findlay acquired 165,438 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were bought at an average cost of GBX 120 ($1.62) per share, for a total transaction of £198,525.60 ($267,194.62).

Ralph Graham Findlay also recently made the following trade(s):

  • On Thursday, September 28th, Ralph Graham Findlay acquired 8,293 shares of Marston’s stock. The shares were bought at an average cost of GBX 107 ($1.44) per share, for a total transaction of £8,873.51 ($11,942.81).
  • On Friday, September 8th, Ralph Graham Findlay acquired 23,549 shares of Marston’s stock. The shares were bought at an average cost of GBX 106 ($1.43) per share, for a total transaction of £24,961.94 ($33,596.15).

Shares of Marston’s PLC (LON MARS) opened at GBX 116.90 ($1.57) on Friday. Marston’s PLC has a fifty-two week low of GBX 99.85 ($1.34) and a fifty-two week high of GBX 147.70 ($1.99).

The firm also recently announced 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 positive change from Marston’s’s previous dividend of $2.70.

A number of research firms recently weighed in on MARS. Numis Securities restated an “add” rating and issued a GBX 125 ($1.68) target price on shares of Marston’s in a report on Tuesday, October 10th. N+1 Singer restated a “buy” rating and issued a GBX 120 ($1.62) target price on shares of Marston’s in a report on Thursday, November 30th. Peel Hunt upped their target price on shares of Marston’s from GBX 130 ($1.75) to GBX 140 ($1.88) and gave the stock a “buy” rating in a report on Wednesday. Canaccord Genuity upped their target price on shares of Marston’s from GBX 110 ($1.48) to GBX 130 ($1.75) and gave the stock a “hold” rating in a report on Friday, September 22nd. Finally, Shore Capital restated a “buy” rating on shares of Marston’s in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 128 ($1.72).

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About Marston’s

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.

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