Marston’s (LON:MARS) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Marston’s PLC (LON:MARS) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 52.61 and traded as high as GBX 52.80. Marston’s shares last traded at GBX 52.30, with a volume of 8,943,682 shares traded.

Wall Street Analyst Weigh In

MARS has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price 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. Shore Capital Group reissued a “buy” rating on shares of Marston’s in a research note on Wednesday, January 28th. 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. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 75 price objective on shares of Marston’s in a report on Tuesday, November 25th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 80.

Marston’s Trading Up 0.2%

The company has a market capitalization of £330.90 million, a PE ratio of 4.71, a PEG ratio of -0.16 and a beta of 0.92. The company has a fifty day simple moving average of GBX 60.63 and a 200-day simple moving average of GBX 52.61. The company has a current ratio of 0.31, a quick ratio of 0.23 and a debt-to-equity ratio of 157.01.

Marston’s (LON:MARS) last posted its quarterly earnings results on Monday, December 15th. The company reported GBX 8.50 EPS for the quarter. Marston’s had a return on equity of 9.75% and a net margin of 7.97%. Analysts predict that Marston’s PLC will post 8.364486 EPS for the current year.

Insider Buying and Selling at Marston’s

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

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.