Marston’s (LON:MARS) Shares Up 18% – Should You Buy?

Marston’s PLC (LON:MARS) shares shot up 18% on Tuesday . The company traded as high as GBX 60.90 and last traded at GBX 59. 33,230,145 shares traded hands 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 Upgrades and Downgrades

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

Marston’s Stock Up 3.8%

The company has a market cap of £378.89 million, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The stock has a 50-day simple moving average of GBX 44.05 and a 200-day simple moving average of GBX 41.97. The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 198.96.

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.