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

Marston’s PLC (LON:MARS) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 55.81 and traded as low as GBX 47.13. Marston’s shares last traded at GBX 48.50, with a volume of 7,744,769 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price objective on shares of Marston’s from GBX 85 to GBX 81 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 78.67.

Marston’s Stock Performance

The company has a debt-to-equity ratio of 154.69, a quick ratio of 0.23 and a current ratio of 0.30. The stock has a market cap of £306.94 million, a PE ratio of 4.15, a PEG ratio of -0.16 and a beta of 0.91. The company’s 50-day moving average price is GBX 49.47 and its two-hundred day moving average price is GBX 55.81.

Marston’s (LON:MARS) last released its earnings results on Tuesday, May 12th. The company reported GBX 2.30 EPS for the quarter. Marston’s had a return on equity of 9.30% and a net margin of 8.35%.The business had revenue of £422.70 million for the quarter. On average, equities research analysts forecast that Marston’s PLC will post 8.364486 EPS 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.