Marston’s (LON:MARS) Stock Price Down 9.8% – Should You Sell?

Marston’s PLC (LON:MARS)’s share price dropped 9.8% during mid-day trading on Wednesday . The stock traded as low as GBX 57.45 and last traded at GBX 62.12. Approximately 59,718,227 shares changed hands 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.

Analyst Ratings Changes

Several analysts have issued reports on MARS shares. Shore Capital reissued a “buy” rating on shares of Marston’s in a research note on Wednesday. Peel Hunt reissued a “buy” rating and set a GBX 75 price target on shares of Marston’s in a research note on Tuesday, November 25th. JPMorgan Chase & Co. boosted their price objective on Marston’s from GBX 78 to GBX 85 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 80 target price 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 data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 80.

Marston’s Trading Down 11.9%

The firm has a market cap of £383.88 million, a price-to-earnings ratio of 5.47, a PEG ratio of -0.16 and a beta of 1.68. The company has a fifty day moving average price of GBX 60.37 and a 200-day moving average price of GBX 48.19. 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 announced its quarterly earnings results on Monday, December 15th. The company reported GBX 8.50 earnings per share (EPS) for the quarter. Marston’s had a negative return on equity of 2.72% and a negative net margin of 1.91%. As a group, research analysts expect that Marston’s PLC will post 8.364486 EPS for the current year.

Insider Buying and Selling

In other Marston’s news, insider Justin Platt acquired 158,309 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was acquired at an average cost of GBX 59 per share, for a total transaction of £93,402.31. Insiders own 1.32% of the company’s stock.

Marston’s Company Profile

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.