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

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

MARS has been the subject of a number of research reports. Shore Capital reiterated a “buy” rating on shares of Marston’s in a research note on Wednesday, October 8th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 80 price target on shares of Marston’s in a report on Tuesday. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 75 price target on shares of Marston’s in a research note on Tuesday. Three investment 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 3.8%

The company has a debt-to-equity ratio of 198.96, a quick ratio of 0.23 and a current ratio of 0.36. The company has a market cap of £378.89 million, a price-to-earnings ratio of 11.94, a P/E/G ratio of -0.16 and a beta of 1.68. The company’s fifty day moving average is GBX 44.05 and its two-hundred day moving average is GBX 41.97.

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.