Marston’s (LON:MARS) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Marston’s PLC (LON:MARS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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

MARS has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price target on shares of Marston’s from GBX 78 to GBX 85 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Peel Hunt reiterated a “buy” rating and issued a GBX 75 target price on shares of Marston’s in a report on Tuesday, November 25th. Panmure Gordon restated a “buy” rating and set a GBX 80 price target on shares of Marston’s in a report on Tuesday, November 25th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Marston’s in a research note on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 80.

Marston’s Stock Up 1.5%

The company has a market capitalization of £383.42 million, a price-to-earnings ratio of 5.46, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The company has a quick ratio of 0.23, a current ratio of 0.36 and a debt-to-equity ratio of 198.96. The business has a 50-day moving average price of GBX 61.44 and a 200-day moving average price of GBX 49.05.

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

Insider Activity at Marston’s

In other news, insider Justin Platt acquired 158,309 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The stock was purchased at an average price of GBX 59 per share, with a total value of £93,402.31. Company insiders own 1.36% 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.