Marston’s (LON:MARS) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Marston’s PLC (LON:MARS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 52.09 and traded as high as GBX 56.50. Marston’s shares last traded at GBX 56.10, with a volume of 466,425 shares.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Peel Hunt reissued a “buy” rating and set a GBX 75 target price on shares of Marston’s in a research note on Tuesday, November 25th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 80 price target on shares of Marston’s in a research note on Tuesday, November 25th. JPMorgan Chase & Co. increased their price objective on shares of 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 Group reiterated a “buy” rating on shares of Marston’s in a research note on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 80.

Marston’s Stock Performance

The company has a debt-to-equity ratio of 157.01, a current ratio of 0.31 and a quick ratio of 0.23. The firm has a market cap of £354.95 million, a price-to-earnings ratio of 5.05, a price-to-earnings-growth ratio of -0.16 and a beta of 0.92. The company has a fifty day moving average price of GBX 61.77 and a two-hundred day moving average price of GBX 52.09.

Marston’s (LON:MARS) last announced its earnings results on Monday, December 15th. The company reported GBX 8.50 earnings per share for the quarter. Marston’s had a return on equity of 9.75% and a net margin of 7.97%. As a group, equities research analysts expect that Marston’s PLC will post 8.364486 EPS for the current year.

Insider Buying and Selling at Marston’s

In other Marston’s news, insider Justin Platt acquired 158,309 shares of Marston’s stock in a transaction dated Wednesday, December 24th. The stock was bought at an average price of GBX 59 per share, for a total transaction of £93,402.31. Company insiders own 1.35% of the company’s stock.

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.