Marston’s (LON:MARS) Trading Up 18% – Here’s Why

Marston’s PLC (LON:MARS) shares shot up 18% on Tuesday . The company traded as high as GBX 60.90 and last traded at GBX 59. 33,230,145 shares traded hands during mid-day trading, an increase of 2,025% from the average session volume of 1,563,484 shares. The stock had previously closed at GBX 50.

Analyst Upgrades and Downgrades

MARS has been the topic of several recent analyst reports. Panmure Gordon reissued a “buy” rating and set a GBX 80 target price on shares of Marston’s in a research note on Tuesday. Peel Hunt reiterated a “buy” rating and set a GBX 75 price target on shares of Marston’s in a research report on Tuesday. Finally, Shore Capital reissued a “buy” rating on shares of Marston’s in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 77.50.

Marston’s Stock Up 18.0%

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 business’s 50 day moving average price is GBX 43.67 and its 200 day moving average price is GBX 41.86. The firm has a market cap of £374.45 million, a PE ratio of 11.80, a PEG ratio of -0.16 and a beta of 1.68.

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.