Marston’s (LON:MARS) Trading 18% Higher – Here’s What Happened

by · The Cerbat Gem

Marston’s PLC (LON:MARS – Get Free Report) 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 changed 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.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on Marston’s

Marston’s Stock Performance

The firm has a market capitalization 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 company has a debt-to-equity ratio of 198.96, a quick ratio of 0.23 and a current ratio of 0.36. The stock’s fifty day moving average is GBX 43.26 and its two-hundred day moving average is GBX 41.74.

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.

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