Marston’s (LON:MARS) Trading 17.8% Higher – Should You Buy?

Marston’s PLC (LON:MARS) was up 17.8% during mid-day trading on Tuesday . The stock traded as high as GBX 60.90 and last traded at GBX 58.90. Approximately 28,995,504 shares were traded during mid-day trading, an increase of 1,777% from the average daily volume of 1,544,993 shares. The stock had previously closed at GBX 50.

Analyst Upgrades and Downgrades

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

Marston’s Trading Up 18.0%

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 firm has a market cap of £374.45 million, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The company’s 50-day moving average price is GBX 43.26 and its 200-day moving average price is GBX 41.74.

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.