Marston’s (LON:MARS) Stock Price Breaks Above 200-Day Moving Average – Time to Sell?

Marston’s PLC (LON:MARS – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 50.49 and traded as high as GBX 59.20. Marston’s shares last traded at GBX 58.90, with a volume of 1,799,937 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “buy” rating and issued a GBX 90 price target on shares of Marston’s in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 81.50.

Check Out Our Latest Report on Marston’s

Marston’s Price Performance

The stock has a market capitalization of £369.36 million, a price-to-earnings ratio of 4.96, a P/E/G ratio of -0.16 and a beta of 0.91. The company has a quick ratio of 0.23, a current ratio of 0.30 and a debt-to-equity ratio of 154.69. The stock has a fifty day moving average of GBX 49.79 and a 200-day moving average of GBX 50.56.

Marston’s Company Profile

(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.

Further Reading

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