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

Marston’s PLC (LON:MARS) rose 18% during mid-day trading on Tuesday . The company traded as high as GBX 60.90 and last traded at GBX 59. Approximately 33,230,145 shares changed hands during mid-day trading, an increase of 2,025% from the average daily volume of 1,563,484 shares. The stock had previously closed at GBX 50.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MARS shares. Shore Capital reaffirmed a “buy” rating on shares of Marston’s in a report on Wednesday, October 8th. Panmure Gordon restated a “buy” rating and set a GBX 80 price objective on shares of Marston’s in a research note on Tuesday. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 75 target price on shares of Marston’s in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus 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 fifty day moving average of GBX 43.67 and a 200 day moving average of GBX 41.86. The stock has a market cap of £374.45 million, a P/E ratio of 11.80, a PEG 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.