Marston’s (LON:MARS) Stock Price Up 18% – Still a Buy?

Marston’s PLC (LON:MARS) shares shot up 18% during mid-day trading on Tuesday . The stock traded as high as GBX 60.90 and last traded at GBX 59. 33,230,145 shares traded hands during mid-day 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 Ratings Changes

A number of equities analysts have issued reports on the company. Shore Capital restated a “buy” rating on shares of Marston’s in a report on Wednesday, October 8th. Peel Hunt restated a “buy” rating and issued a GBX 75 price target on shares of Marston’s in a report on Tuesday. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 80 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 MarketBeat, Marston’s has an average rating of “Buy” and an average target price of GBX 77.50.

Marston’s Stock Performance

The company’s 50-day simple moving average is GBX 44.05 and its 200 day simple moving average is GBX 41.97. The stock has a market cap of £378.89 million, a P/E ratio of 11.94, a PEG ratio of -0.16 and a beta of 1.68. 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.