Marston’s (LON:MARS) Shares Up 18.8% – What’s Next?

Marston’s PLC (LON:MARS) shares shot up 18.8% during mid-day trading on Tuesday . The company traded as high as GBX 60.90 and last traded at GBX 59.40. 27,851,799 shares changed hands during mid-day trading, an increase of 1,709% from the average session volume of 1,539,998 shares. The stock had previously closed at GBX 50.

Analysts Set New Price Targets

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

Marston’s Stock Performance

The stock has a market cap of £373.47 million, a PE ratio of 11.77, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. 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 business has a 50 day moving average price of GBX 44.05 and a two-hundred day moving average price of GBX 41.97.

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.