Marston’s (LON:MARS) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Marston’s PLC (LON:MARS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 48.94 and traded as high as GBX 63. Marston’s shares last traded at GBX 60.80, with a volume of 877,155 shares traded.

Wall Street Analysts Forecast Growth

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

Marston’s Stock Performance

The company has a market capitalization of £384.68 million, a price-to-earnings ratio of 5.48, a P/E/G ratio of -0.16 and a beta of 1.68. The company has a debt-to-equity ratio of 198.96, a quick ratio of 0.23 and a current ratio of 0.36. The firm has a 50-day simple moving average of GBX 61.42 and a two-hundred day simple moving average of GBX 48.94.

Marston’s (LON:MARS) last posted its quarterly earnings data on Monday, December 15th. The company reported GBX 8.50 EPS for the quarter. Marston’s had a negative net margin of 1.91% and a negative return on equity of 2.72%. On average, sell-side analysts anticipate that Marston’s PLC will post 8.364486 EPS for the current fiscal year.

Insider Buying and Selling

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