Marston’s (LON:MARS) Stock Price Down 11.6% – What’s Next?

Shares of Marston’s PLC (LON:MARS) fell 11.6% during mid-day trading on Wednesday . The company traded as low as GBX 57.45 and last traded at GBX 60.90. 64,059,074 shares were traded during mid-day trading, an increase of 990% from the average session volume of 5,876,187 shares. The stock had previously closed at GBX 68.90.

Analyst Ratings Changes

MARS has been the topic of several research analyst reports. Shore Capital restated a “buy” rating on shares of Marston’s in a report on Wednesday. Panmure Gordon reissued a “buy” rating and set a GBX 80 price objective on shares of Marston’s in a research report on Tuesday, November 25th. JPMorgan Chase & Co. upped their target price on Marston’s from GBX 78 to GBX 85 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 75 price target on shares of Marston’s in a research note on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Marston’s presently has an average rating of “Buy” and a consensus target price of GBX 80.

Marston’s Trading Down 11.9%

The company has a debt-to-equity ratio of 198.96, a current ratio of 0.36 and a quick ratio of 0.23. The company has a fifty day simple moving average of GBX 60.37 and a two-hundred day simple moving average of GBX 48.19. The company has a market capitalization of £383.88 million, a P/E ratio of 5.47, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68.

Marston’s (LON:MARS) last posted its quarterly earnings results on Monday, December 15th. The company reported GBX 8.50 EPS for the quarter. Marston’s had a negative return on equity of 2.72% and a negative net margin of 1.91%. On average, analysts forecast that Marston’s PLC will post 8.364486 earnings per share for the current fiscal year.

Insider Transactions at Marston’s

In other Marston’s news, insider Justin Platt acquired 158,309 shares of Marston’s stock in a transaction dated Wednesday, December 24th. The stock was bought at an average cost of GBX 59 per share, with a total value of £93,402.31. 1.32% of the stock is owned by company insiders.

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.