Marston’s (LON:MARS) Trading 18% Higher – Still a Buy?

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

Analyst Upgrades and Downgrades

MARS has been the topic of several analyst reports. Panmure Gordon reissued a “buy” rating and set a GBX 80 target price 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 reissued a “buy” rating and set a GBX 75 price objective on shares of Marston’s in a report on Tuesday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Marston’s currently has a consensus rating of “Buy” and a consensus target price of GBX 77.50.

Marston’s Stock Up 3.8%

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

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.