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

Shares of Marston’s PLC (LON:MARS) fell 11.6% during trading on Wednesday . The stock traded as low as GBX 57.45 and last traded at GBX 60.90. 64,570,074 shares were traded during trading, an increase of 994% from the average session volume of 5,903,081 shares. The stock had previously closed at GBX 68.90.

Analysts Set New Price Targets

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

Marston’s Stock Down 0.2%

The business’s 50 day simple moving average is GBX 60.86 and its 200 day simple moving average is GBX 48.36. The firm has a market capitalization of £381.98 million, a PE ratio of 5.44, a PEG ratio of -0.16 and a beta of 1.68. The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 198.96.

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

Insiders Place Their Bets

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