Marston’s (LON:MARS) Trading 18% Higher – Time to Buy?

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

Wall Street Analyst Weigh In

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

Marston’s Trading 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 fifty day simple moving average is GBX 43.26 and its 200 day simple moving average is GBX 41.74. The stock has a market cap of £374.45 million, a price-to-earnings ratio of 11.80, a P/E/G ratio of -0.16 and a beta of 1.68.

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.