Marston’s (LON:MARS) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Marston’s PLC (LON:MARS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 51.43 and traded as high as GBX 57.50. Marston’s shares last traded at GBX 55.40, with a volume of 2,852,736 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Panmure Gordon reaffirmed a “buy” rating and set a GBX 80 price objective on shares of Marston’s in a research report on Tuesday, November 25th. JPMorgan Chase & Co. upped their price target on shares of Marston’s from GBX 78 to GBX 85 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Peel Hunt reiterated a “buy” rating and set a GBX 75 price target on shares of Marston’s in a research report on Tuesday, November 25th. Finally, Shore Capital Group restated a “buy” rating on shares of Marston’s in a research report on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 80.

Marston’s Stock Performance

The company has a debt-to-equity ratio of 157.01, a quick ratio of 0.23 and a current ratio of 0.31. The firm has a market cap of £348.62 million, a P/E ratio of 4.96, a P/E/G ratio of -0.16 and a beta of 0.94. The company’s 50 day moving average is GBX 62 and its 200 day moving average is GBX 51.43.

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 net margin of 7.97% and a return on equity of 9.75%. As a group, equities analysts predict that Marston’s PLC will post 8.364486 earnings per share for the current fiscal year.

Insider Transactions at Marston’s

In other news, insider Justin Platt bought 158,309 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was purchased at an average cost of GBX 59 per share, for a total transaction of £93,402.31. 1.36% of the stock is currently owned by insiders.

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.