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

Key Points

• Marston's PLC stock has surpassed its 200-day moving average, reaching a high of GBX 42.55 ($0.57) on Monday, currently trading at GBX 42.20 ($0.56).
• Brokerage firms like Shore Capital and Peel Hunt have reiterated a "buy" rating for Marston's, with an average target price of GBX 75.
• The company's key financial metrics show a high debt-to-equity ratio of 198.96 and a market capitalization of £266.87 million, indicating significant financial leverage.

Marston's PLC (LON:MARS - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 39.62 ($0.53) and traded as high as GBX 42.55 ($0.57). Marston's shares last traded at GBX 42.20 ($0.56), with a volume of 1,040,501 shares trading hands.

Analyst Ratings Changes

Several brokerages have weighed in on MARS. Shore Capital reiterated a "buy" rating on shares of Marston's in a report on Wednesday, October 8th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 75 price objective on shares of Marston's in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Marston's currently has an average rating of "Buy" and an average target price of GBX 75.

Marston's Stock Down 0.4%

The company has a debt-to-equity ratio of 198.96, a quick ratio of 0.23 and a current ratio of 0.36. The stock has a market capitalization of £266.87 million, a PE ratio of 841.00, a PEG ratio of -0.16 and a beta of 1.68. The business has a 50 day moving average of GBX 39.12 and a two-hundred day moving average of GBX 39.62.

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.

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