Marston’s (LON:MARS) Stock Price Down 9.8% – What’s Next?

Shares of Marston’s PLC (LON:MARS) were down 9.8% on Wednesday . The stock traded as low as GBX 57.45 and last traded at GBX 62.12. Approximately 59,718,227 shares were traded during mid-day trading, an increase of 957% from the average daily volume of 5,647,721 shares. The stock had previously closed at GBX 68.90.

Wall Street Analysts Forecast Growth

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

Marston’s Price Performance

The firm has a market cap of £383.88 million, a price-to-earnings ratio of 5.47, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. 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 company’s fifty day moving average is GBX 60.37 and its two-hundred day moving average is GBX 48.19.

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

Insider Buying and Selling at Marston’s

In related news, insider Justin Platt purchased 158,309 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were acquired at an average price of GBX 59 per share, with a total value of £93,402.31. Insiders own 1.32% of the company’s stock.

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.