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

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

Analysts Set New Price Targets

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

Marston’s Stock Up 3.8%

The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 198.96. The company has a market capitalization 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 company has a 50-day moving average of GBX 44.48 and a 200-day moving average of GBX 42.10.

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.