Marston’s (LON:MARS) Stock Price Up 10% – Time to Buy?

Marston’s PLC (LON:MARS)’s share price was up 10% during mid-day trading on Tuesday . The stock traded as high as GBX 56.15 and last traded at GBX 55. Approximately 3,244,641 shares were traded during trading, an increase of 126% from the average daily volume of 1,432,543 shares. The stock had previously closed at GBX 50.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Shore Capital restated a “buy” rating on shares of Marston’s in a research report on Wednesday, October 8th. Peel Hunt reissued a “buy” rating and set a GBX 75 target price on shares of Marston’s in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 75.

Marston’s Stock Performance

The stock has a market capitalization of £373.15 million, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The company has a 50 day simple moving average of GBX 43.26 and a 200-day simple moving average of GBX 41.74. 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.