Marston’s (LON:MARS) Stock Price Crosses Above 200-Day Moving Average of $31.27

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 31.27 ($0.38) and traded as high as GBX 31.70 ($0.39). Marston’s shares last traded at GBX 31.40 ($0.38), with a volume of 1,363,425 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of Marston’s in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 52.10 ($0.63).

Marston’s Price Performance

The company has a market capitalization of £207.37 million, a P/E ratio of 224.29, a P/E/G ratio of -0.16 and a beta of 1.51. The firm’s fifty day moving average is GBX 29.87 and its 200 day moving average is GBX 31.27. The company has a debt-to-equity ratio of 268.28, a quick ratio of 0.23 and a current ratio of 0.24.

About Marston’s

Marston's PLC operates managed, franchised, and leased pubs in the United Kingdom. As of October 11, 2022, the company operated 1,468 pubs. 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.