Marston’s (LON:MARS) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Marston’s PLC (LON:MARS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 49.73 and traded as high as GBX 64.40. Marston’s shares last traded at GBX 62.81, with a volume of 1,160,308 shares trading hands.

Wall Street Analyst Weigh In

MARS has been the subject of a number of recent research reports. 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. Shore Capital Group reiterated a “buy” rating on shares of Marston’s in a research report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their price objective on Marston’s from GBX 78 to GBX 85 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 80 price objective on shares of Marston’s in a report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 80.

Marston’s Trading Down 0.3%

The company has a debt-to-equity ratio of 198.96, a current ratio of 0.36 and a quick ratio of 0.23. The stock has a market cap of £397.37 million, a P/E ratio of 5.66, a PEG ratio of -0.16 and a beta of 1.68. The firm’s fifty day moving average price is GBX 61.63 and its two-hundred day moving average price is GBX 49.78.

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

Insider Activity at Marston’s

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