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

Marston’s PLC (LON:MARS)’s stock price shot up 18% during mid-day trading on Tuesday . The stock traded as high as GBX 60.90 and last traded at GBX 59. 33,230,145 shares were traded 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.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MARS. Shore Capital reiterated a “buy” rating on shares of Marston’s in a research note on Wednesday, October 8th. Panmure Gordon restated a “buy” rating and issued a GBX 80 target price on shares of Marston’s in a research report on Tuesday. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 75 target price on shares of Marston’s in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Marston’s currently has a consensus rating of “Buy” and an average target price of GBX 77.50.

Marston’s Stock Up 18.0%

The firm has a market capitalization of £374.45 million, a PE ratio of 11.80, 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 0.36 and a debt-to-equity ratio of 198.96. The stock has a 50-day simple moving average of GBX 43.26 and a 200-day simple moving average of GBX 41.74.

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.