Marston’s (LON:MARS) Share Price Passes Above 200 Day Moving Average – Here’s Why

Marston’s PLC (LON:MARSGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 Analysts Forecast Growth

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

View Our Latest Stock Analysis on MARS

Marston’s Stock Up 3.7%

The stock has a 50 day moving average price of GBX 49.11 and a 200 day moving average price of GBX 55.10. 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 company has a market capitalization of £355.09 million, a P/E ratio of 4.79, a PEG ratio of -0.16 and a beta of 0.91.

Marston’s (LON:MARSGet Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported GBX 2.30 earnings per share for the quarter. Marston’s had a net margin of 8.35% and a return on equity of 9.30%. The company had revenue of £422.70 million during the quarter. Equities research analysts forecast that Marston’s PLC will post 8.364486 earnings per share for the current fiscal year.

About Marston’s

(Get Free Report)

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.

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