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

Marston’s PLC (LON:MARS)’s stock price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 50.57 and traded as low as GBX 46.15. Marston’s shares last traded at GBX 46.15, with a volume of 672,314 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “buy” rating and set a GBX 90 price target on shares of Marston’s in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 81.50.

Marston’s Stock Up 0.1%

The company has a current ratio of 0.30, a quick ratio of 0.23 and a debt-to-equity ratio of 154.69. The stock has a market cap of £292.30 million, a P/E ratio of 3.92, a PEG ratio of -0.16 and a beta of 0.91. The company’s 50 day moving average price is GBX 49.42 and its two-hundred day moving average price is GBX 50.52.

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.