Marston’s (LON:MARS) Trading Up 18% – What’s Next?

Marston’s PLC (LON:MARS)’s share price traded up 18% on Tuesday . The stock traded as high as GBX 60.90 and last traded at GBX 59. 28,583,203 shares changed hands during trading, an increase of 1,752% from the average session volume of 1,543,192 shares. The stock had previously closed at GBX 50.

Analysts Set New Price Targets

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

Marston’s Stock Up 2.5%

The company has a quick ratio of 0.23, a current ratio of 0.36 and a debt-to-equity ratio of 198.96. The company’s fifty day moving average price is GBX 44.05 and its 200-day moving average price is GBX 41.97. The stock has a market capitalization of £374.01 million, a PE ratio of 11.79, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68.

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.