Shore Capital Reaffirms “Buy” Rating for Marston’s (LON:MARS)

Marston’s (LON:MARS)‘s stock had its “buy” rating reaffirmed by Shore Capital in a research note issued on Tuesday,Digital Look reports.

Marston’s Trading Down 5.3 %

MARS traded down GBX 2.25 ($0.03) during midday trading on Tuesday, hitting GBX 40.05 ($0.49). 3,418,429 shares of the company were exchanged, compared to its average volume of 1,558,053. The firm’s 50 day moving average price is GBX 41.49 and its 200-day moving average price is GBX 40.08. Marston’s has a 1-year low of GBX 25.55 ($0.32) and a 1-year high of GBX 47.75 ($0.59). The firm has a market capitalization of £253.99 million, a P/E ratio of -1,335.00, a P/E/G ratio of -0.16 and a beta of 1.68. The company has a quick ratio of 0.23, a current ratio of 0.15 and a debt-to-equity ratio of 269.71.

Insiders Place Their Bets

In related news, insider Hayleigh Lupino acquired 111,997 shares of Marston’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of GBX 45 ($0.55) per share, with a total value of £50,398.65 ($62,143.83). Company insiders own 1.83% 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.