Marston’s (LON:MARS) Trading Up 18% – Time to Buy?

Marston’s PLC (LON:MARS) shares traded up 18% during mid-day trading on Tuesday . The company 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.

Wall Street Analysts Forecast Growth

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

Marston’s Stock Up 18.0%

The stock has a market cap of £374.45 million, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The firm’s 50-day moving average is GBX 43.67 and its 200 day moving average is GBX 41.86. The company has a debt-to-equity ratio of 198.96, a current ratio of 0.36 and a quick ratio of 0.23.

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.