Marston’s Brewery (LON:MARS) shares were down 12.2% during mid-day 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 changed hands during mid-day 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).
MARS has been the topic of several recent research reports. Liberum Capital restated a “buy” rating and issued a GBX 140 ($1.90) price target on shares of Marston’s Brewery in a research note on Wednesday, February 28th. HSBC cut 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. 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. 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, Peel Hunt restated a “buy” rating on shares of Marston’s Brewery in a research note on Friday, May 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 117.73 ($1.60).
The firm also recently announced a dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Thursday, May 24th will be paid a dividend of GBX 2.70 ($0.04) per share. The ex-dividend date is Thursday, May 24th. This represents a yield of 2.75%.
About Marston’s Brewery
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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