Shore Capital Group Reiterates House Stock Rating for Marks and Spencer Group (LON:MKS)

Marks and Spencer Group (LON:MKS)‘s stock had its “house stock” rating reaffirmed by analysts at Shore Capital Group in a note issued to investors on Thursday,London Stock Exchange reports.

A number of other brokerages also recently issued reports on MKS. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 435 price target on shares of Marks and Spencer Group in a report on Thursday, May 21st. UBS Group reissued a “buy” rating and issued a GBX 425 target price on shares of Marks and Spencer Group in a research report on Monday, May 18th. Citigroup dropped their price objective on shares of Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating on the stock in a report on Friday, May 22nd. Jefferies Financial Group reissued a “buy” rating and set a GBX 440 price objective on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Finally, Berenberg Bank raised their price objective on Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 418.57.

Marks and Spencer Group Price Performance

MKS opened at GBX 376.40 on Thursday. The firm has a market cap of £7.74 billion, a PE ratio of 30.60, a P/E/G ratio of 0.20 and a beta of 1.01. The stock has a 50-day moving average price of GBX 358.74 and a 200-day moving average price of GBX 358.91. Marks and Spencer Group has a 1 year low of GBX 301.10 and a 1 year high of GBX 411.80. The company has a debt-to-equity ratio of 111.89, a current ratio of 0.86 and a quick ratio of 0.42.

Marks and Spencer Group (LON:MKS) last issued its earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. The firm had revenue of GBX 1,727.36 billion for the quarter. Sell-side analysts predict that Marks and Spencer Group will post 26.0113154 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stuart Machin sold 560,402 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of GBX 384, for a total value of £2,151,943.68. Also, insider Alison Dolan sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total value of £305,150. 0.45% of the stock is owned by corporate insiders.

Marks and Spencer Group Company Profile

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.