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

Marston’s PLC (LON:MARS)’s share price shot up 18% during trading on Tuesday . The stock traded as high as GBX 60.90 and last traded at GBX 59. 33,230,145 shares were traded 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 recently weighed in on MARS shares. Shore Capital reaffirmed a “buy” rating on shares of Marston’s in a research note on Wednesday, October 8th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 80 target price on shares of Marston’s in a report on Tuesday. Finally, Peel Hunt reissued a “buy” rating and set a GBX 75 price target on shares of Marston’s in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 77.50.

Marston’s Stock Performance

The business’s fifty day moving average price is GBX 44.05 and its two-hundred day moving average price is GBX 41.97. The company has a debt-to-equity ratio of 198.96, a quick ratio of 0.23 and a current ratio of 0.36. The stock has a market capitalization of £378.89 million, a P/E ratio of 11.94, a P/E/G ratio of -0.16 and a beta of 1.68.

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.