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

Marston’s PLC (LON:MARS)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 55.10 and traded as high as GBX 56.30. Marston’s shares last traded at GBX 56.10, with a volume of 1,414,118 shares.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MARS. JPMorgan Chase & Co. reduced their target price on Marston’s from GBX 85 to GBX 81 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Shore Capital Group reiterated a “buy” rating and set a GBX 90 price target on shares of Marston’s in a research report on Friday, June 26th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Marston’s presently has an average rating of “Buy” and an average target price of GBX 81.50.

Marston’s Trading Up 0.7%

The stock has a market capitalization of £353.82 million, a PE ratio of 4.78, a P/E/G ratio of -0.16 and a beta of 0.91. The company’s 50 day moving average price is GBX 49.24 and its two-hundred day moving average price is GBX 55.08. The company has a debt-to-equity ratio of 154.69, a current ratio of 0.30 and a quick ratio of 0.23.

Marston’s (LON:MARS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported GBX 2.30 earnings per share (EPS) for the quarter. The company had revenue of £422.70 million during the quarter. Marston’s had a net margin of 8.35% and a return on equity of 9.30%. As a group, analysts expect that Marston’s PLC will post 8.364486 earnings per share for the current year.

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.