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

Shares of Marston’s PLC (LON:MARS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 48.94 and traded as high as GBX 63. Marston’s shares last traded at GBX 60.80, with a volume of 877,155 shares changing hands.

Wall Street Analyst Weigh In

MARS has been the subject of a number of analyst reports. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 80 price target on shares of Marston’s in a report on Tuesday, November 25th. Peel Hunt reissued a “buy” rating and set a GBX 75 price objective on shares of Marston’s in a report on Tuesday, November 25th. JPMorgan Chase & Co. lifted their target price on Marston’s from GBX 78 to GBX 85 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, Shore Capital reissued a “buy” rating on shares of Marston’s in a report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 80.

Marston’s Stock Up 0.5%

The company has a market cap of £384.68 million, a PE ratio of 5.48, a P/E/G ratio of -0.16 and a beta of 1.68. The stock has a 50-day moving average of GBX 61.42 and a 200-day moving average of GBX 48.94. The company has a quick ratio of 0.23, a current ratio of 0.36 and a debt-to-equity ratio of 198.96.

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

Insider Buying and Selling at Marston’s

In related news, insider Justin Platt bought 158,309 shares of the stock in a transaction that occurred on Wednesday, December 24th. The shares were acquired at an average cost of GBX 59 per share, with a total value of £93,402.31. Company insiders own 1.36% of the company’s stock.

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.