Marston’s (LON:MARS) Share Price Passes Above 200-Day Moving Average – What’s Next?

Marston’s PLC (LON:MARS) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 41.42 and traded as high as GBX 48.90. Marston’s shares last traded at GBX 46.20, with a volume of 1,207,900 shares trading hands.

Analyst Ratings Changes

MARS has been the subject of a number of recent research reports. Peel Hunt reiterated a “buy” rating and issued a GBX 75 target price on shares of Marston’s in a report on Wednesday, October 8th. Shore Capital reaffirmed a “buy” rating on shares of Marston’s in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Marston’s presently has an average rating of “Buy” and an average price target of GBX 75.

Marston’s Trading Up 3.4%

The company has a 50 day moving average of GBX 42.62 and a two-hundred day moving average of GBX 41.53. The stock has a market capitalization of £303.37 million, a PE ratio of 9.56, a P/E/G ratio of -0.16 and a beta of 1.68. The company has a debt-to-equity ratio of 198.96, a quick ratio of 0.23 and a current ratio of 0.36.

About Marston’s

Marston’s PLC operates managed, franchised, tenanted, partnership, and leased pubs in the United Kingdom. It is also involved in the property management; telecommunications; and insurance businesses. The company was formerly known as The Wolverhampton & Dudley Breweries PLC and changed its name to Marston’s PLC in January 2007.