Marston’s (LON:MARS) Shares Up 14.7% – Here’s Why

Marston’s PLC (LON:MARS – Get Free Report)’s share price rose 14.7% during mid-day trading on Tuesday. The stock traded as high as GBX 56.20 and last traded at GBX 53. 17,042,404 shares were traded during trading, an increase of 428% from the average session volume of 3,228,835 shares. The stock had previously closed at GBX 46.20.

Analyst Ratings Changes

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

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Marston’s Trading Up 14.7%

The company has a 50 day simple moving average of GBX 48.95 and a 200 day simple moving average of GBX 50.33. The company has a current ratio of 0.30, a quick ratio of 0.23 and a debt-to-equity ratio of 154.69. The stock has a market capitalization of £337.52 million, a PE ratio of 4.53, a P/E/G ratio of -0.16 and a beta of 0.91.

About Marston’s

(Get Free Report)

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.

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