Analysts Set Marks and Spencer Group plc (LON:MKS) PT at GBX 432.50

by · The Markets Daily

Marks and Spencer Group plc (LON:MKS – Get Free Report) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 432.50.

A number of research firms have recently weighed in on MKS. Berenberg Bank reissued a “buy” rating and issued a GBX 480 price target on shares of Marks and Spencer Group in a report on Thursday, September 17th. Citigroup boosted their price target on Marks and Spencer Group from GBX 390 to GBX 470 and gave the company a “buy” rating in a report on Tuesday, August 25th. Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 435 target price on shares of Marks and Spencer Group in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. raised Marks and Spencer Group to an “overweight” rating and lifted their price objective for the company from GBX 440 to GBX 450 in a research note on Tuesday, July 21st.

Read Our Latest Stock Report on Marks and Spencer Group

Insider Buying and Selling at Marks and Spencer Group

In other news, insider Stuart Machin sold 560,402 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of GBX 384, for a total value of £2,151,943.68. 0.47% of the stock is currently owned by company insiders.

Marks and Spencer Group Trading Up 1.8%

LON MKS opened at GBX 374.88 on Friday. The stock has a market capitalization of £7.76 billion, a P/E ratio of 30.48, a P/E/G ratio of 0.20 and a beta of 0.98. Marks and Spencer Group has a 52-week low of GBX 301.10 and a 52-week high of GBX 418.32. The firm has a 50-day moving average price of GBX 388.20 and a 200 day moving average price of GBX 365.91. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89.

About Marks and Spencer Group

(Get Free Report)

M&S has a heritage of quality, innovation and value for money and has been voted the UK’s most trusted brand. From these foundations, M&S is reshaping for sustainable profitable growth and value creation.

We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands. We do this through a network of stores and websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year.

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