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

Marston’s PLC (LON:MARS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 55.81 and traded as low as GBX 47.13. Marston’s shares last traded at GBX 48.50, with a volume of 7,744,769 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on shares of Marston’s from GBX 85 to GBX 81 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 78.67.

Marston’s Trading Up 1.4%

The firm has a fifty day simple moving average of GBX 49.19 and a two-hundred day simple moving average of GBX 55.64. The stock has a market cap of £314.58 million, a PE ratio of 4.25, a PEG ratio of -0.16 and a beta of 0.91. The company has a current ratio of 0.30, a quick ratio of 0.23 and a debt-to-equity ratio of 154.69.

Marston’s (LON:MARS) last issued its quarterly earnings data on Tuesday, May 12th. The company reported GBX 2.30 EPS for the quarter. The company had revenue of £422.70 million during the quarter. Marston’s had a return on equity of 9.30% and a net margin of 8.35%. As a group, equities analysts expect that Marston’s PLC will post 8.364486 earnings per share for the current fiscal year.

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.