Marston’s (LON:MARS) Shares Cross Above 200 Day Moving Average – Here’s Why

Marston’s PLC (LON:MARS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 46.58 and traded as high as GBX 66.20. Marston’s shares last traded at GBX 66, with a volume of 1,719,697 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on MARS. Peel Hunt reaffirmed a “buy” rating and set a GBX 75 target price on shares of Marston’s in a report on Tuesday, November 25th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 80 price objective on shares of Marston’s in a research note on Tuesday, November 25th. JPMorgan Chase & Co. upped their price objective 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 research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Marston’s has a consensus rating of “Buy” and an average target price of GBX 80.

Marston’s Stock Down 0.2%

The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 198.96. The firm’s fifty day moving average price is GBX 56.42 and its 200-day moving average price is GBX 46.58. The company has a market cap of £410.23 million, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68.

Marston’s (LON:MARS) last posted 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 year.

Insider Activity

In other Marston’s news, insider Justin Platt bought 158,309 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was acquired at an average cost of GBX 59 per share, with a total value of £93,402.31. Corporate insiders own 1.32% 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.