Marston’s (LON:MARS) Stock Price Up 2.8% – Time to Buy?

Marston’s PLC (LON:MARS) was up 2.8% during mid-day trading on Wednesday. The company traded as high as GBX 59.10 and last traded at GBX 59.10. 1,518,614 shares changed hands during trading, a decline of 55% from the average daily volume of 3,370,329 shares. The stock had previously closed at GBX 57.50.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “buy” rating and set a GBX 90 price target on shares of Marston’s in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 81.50.

Marston’s Stock Performance

The stock has a market capitalization of £376.77 million, a P/E ratio of 5.05, a PEG ratio of -0.16 and a beta of 0.93. The company has a quick ratio of 0.23, a current ratio of 0.30 and a debt-to-equity ratio of 154.69. The company has a 50-day moving average price of GBX 51.42 and a two-hundred day moving average price of GBX 52.84.

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. The company was founded in 1834 and is based in Wolverhampton, the United Kingdom.