Marston’s (LON:MARS) Stock Jumps 14.7% – What’s Next?

Marston’s PLC (LON:MARS)’s share price was up 14.7% during mid-day trading on Tuesday. The stock traded as high as GBX 56.20 and last traded at GBX 53. Approximately 17,042,404 shares changed hands during mid-day 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 Upgrades and Downgrades

Separately, Shore Capital Group reiterated a “buy” rating and set a GBX 90 price target on shares of Marston’s in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Marston’s presently has a consensus rating of “Buy” and a consensus target price of GBX 81.50.

Marston’s Stock Performance

The firm has a market capitalization of £357.89 million, a P/E ratio of 4.80, a P/E/G ratio of -0.16 and a beta of 0.91. The company has a debt-to-equity ratio of 154.69, a current ratio of 0.30 and a quick ratio of 0.23. The firm has a 50-day moving average price of GBX 49.04 and a two-hundred day moving average price of GBX 50.33.

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. The company was founded in 1834 and is based in Wolverhampton, the United Kingdom.