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

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

Analysts Set New Price Targets

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

Marston’s Stock Performance

The stock has a market capitalization of £374.45 million, a PE ratio of 11.80, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The stock has a fifty day moving average of GBX 43.67 and a 200-day moving average of GBX 41.86. The company has a quick ratio of 0.23, a current ratio of 0.36 and a debt-to-equity ratio of 198.96.

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.