Marston’s (LON:MARS) Insider Purchases £93,402.31 in Stock

Marston’s PLC (LON:MARS) insider Justin Platt acquired 158,309 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was purchased at an average cost of GBX 59 per share, for a total transaction of £93,402.31.

Marston’s Stock Performance

Marston’s stock traded up GBX 0.10 during midday trading on Monday, reaching GBX 58.90. 808,388 shares of the stock traded hands, compared to its average volume of 1,498,747. Marston’s PLC has a fifty-two week low of GBX 31.10 and a fifty-two week high of GBX 62.90. The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 198.96. The firm has a market cap of £373.86 million, a price-to-earnings ratio of 5.31, a PEG ratio of -0.16 and a beta of 1.68. The firm has a fifty day moving average price of GBX 52.37 and a two-hundred day moving average price of GBX 44.76.

Marston’s (LON:MARS) last announced its quarterly earnings results on Monday, December 15th. The company reported GBX 8.50 EPS for the quarter. Marston’s had a negative net margin of 1.91% and a negative return on equity of 2.72%. On average, equities research analysts forecast that Marston’s PLC will post 8.364486 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MARS. JPMorgan Chase & Co. boosted their price target on Marston’s from GBX 78 to GBX 85 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 80 price objective on shares of Marston’s in a report on Tuesday, November 25th. Shore Capital reiterated a “buy” rating on shares of Marston’s in a research report on Wednesday, October 8th. Finally, Peel Hunt restated a “buy” rating and set a GBX 75 price target on shares of Marston’s in a research report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Marston’s has a consensus rating of “Buy” and an average target price of GBX 80.

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. The company was founded in 1834 and is based in Wolverhampton, the United Kingdom.