Marston’s (LON:MARS) Stock Jumps 2.8% – Here’s What Happened

Marston’s PLC (LON:MARS)’s share price shot up 2.8% during mid-day trading on Wednesday. The stock traded as high as GBX 59.10 and last traded at GBX 59.10. Approximately 1,518,614 shares were traded during trading, a decline of 55% from the average daily volume of 3,370,329 shares. The stock had previously closed at GBX 57.50.

Wall Street Analyst Weigh In

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

Marston’s Price Performance

The stock has a market capitalization of £369.76 million, a price-to-earnings ratio of 4.96, a P/E/G ratio of -0.16 and a beta of 0.93. The company has a quick ratio of 0.23, a current ratio of 0.30 and a debt-to-equity ratio of 154.69. The stock has a fifty day moving average of GBX 51.59 and a 200-day moving average of GBX 52.80.

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.