Marston’s (LON:MARS) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Marston’s PLC (LON:MARS) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 43.19 and traded as high as GBX 62.60. Marston’s shares last traded at GBX 58.67, with a volume of 11,646,296 shares.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MARS shares. Shore Capital reissued a “buy” rating on shares of Marston’s in a report on Wednesday, October 8th. Peel Hunt reissued a “buy” rating and set a GBX 75 target price on shares of Marston’s in a report on Tuesday, November 25th. Panmure Gordon restated a “buy” rating and issued a GBX 80 price target on shares of Marston’s in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. raised their price target 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. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 80.

Marston’s Price Performance

The company’s 50-day moving average is GBX 47.89 and its 200-day moving average is GBX 43.19. The firm has a market cap of £372.59 million, a price-to-earnings ratio of 5.29, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 198.96.

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.