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

Shares of Marston’s PLC (LON:MARS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 43.19 and traded as high as GBX 62.60. Marston’s shares last traded at GBX 58.67, with a volume of 11,646,296 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MARS shares. Peel Hunt restated a “buy” rating and issued a GBX 75 price target on shares of Marston’s in a research note on Tuesday, November 25th. Shore Capital restated a “buy” rating on shares of Marston’s in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Marston’s from GBX 78 to GBX 85 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 80 price objective on shares of Marston’s in a report on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 80.

Marston’s Trading Up 1.0%

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 company has a market cap of £372.59 million, a price-to-earnings ratio of 5.29, a PEG ratio of -0.16 and a beta of 1.68. The firm has a 50 day moving average price of GBX 47.89 and a two-hundred day moving average price of GBX 43.19.

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.