Marston’s (LON:MARS) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Marston’s PLC (LON:MARS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 52.61 and traded as high as GBX 52.80. Marston’s shares last traded at GBX 52.30, with a volume of 8,943,682 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MARS shares. Shore Capital Group reaffirmed a “buy” rating on shares of Marston’s in a research note on Wednesday, January 28th. Panmure Gordon restated a “buy” rating and set a GBX 80 price target on shares of Marston’s in a report on Tuesday, November 25th. JPMorgan Chase & Co. raised their price objective on shares of Marston’s from GBX 78 to GBX 85 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 75 price objective on shares of Marston’s in a research note on Tuesday, November 25th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 80.

Marston’s Stock Up 0.2%

The company has a current ratio of 0.31, a quick ratio of 0.23 and a debt-to-equity ratio of 157.01. The stock’s 50-day moving average price is GBX 60.34 and its 200-day moving average price is GBX 52.71. The company has a market cap of £330.90 million, a P/E ratio of 4.71, a PEG ratio of -0.16 and a beta of 0.92.

Insiders Place Their Bets

In other news, insider Justin Platt acquired 158,309 shares of Marston’s stock in a transaction on Wednesday, December 24th. The stock was purchased at an average price of GBX 59 per share, with a total value of £93,402.31. Company insiders own 1.35% of the company’s stock.

Marston’s Company Profile

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.