Marston’s (LON:MARS) Trading 18% Higher – Should You Buy?

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MARS. Panmure Gordon reissued a “buy” rating and set a GBX 80 price target on shares of Marston’s in a research note on Tuesday. Shore Capital reissued a “buy” rating on shares of Marston’s in a research note on Wednesday, October 8th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 75 price target on shares of Marston’s in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Marston’s presently has a consensus rating of “Buy” and an average price target of GBX 77.50.

Marston’s Stock Performance

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 company has a market cap of £374.45 million, a PE ratio of 11.80, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The business has a fifty day simple moving average of GBX 43.26 and a two-hundred day simple moving average of GBX 41.74.

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.