Citigroup Cuts Marks and Spencer Group (LON:MKS) Price Target to GBX 430

Marks and Spencer Group (LON:MKS) had its price target cut by Citigroup to GBX 430 in a research note issued to investors on Thursday morning, Marketbeat reports. They currently have a buy rating on the retailer’s stock.

MKS has been the topic of several other reports. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, February 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 440 price objective on shares of Marks and Spencer Group in a research report on Tuesday, March 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, January 9th. Finally, Berenberg Bank upgraded Marks and Spencer Group to a “buy” rating and upped their target price for the company from GBX 412 to GBX 415 in a report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 416.43.

Marks and Spencer Group Price Performance

MKS opened at GBX 333.90 on Thursday. The firm has a market capitalization of £6.73 billion, a P/E ratio of 371.00, a PEG ratio of 0.20 and a beta of 1.04. The stock has a fifty day moving average of GBX 373.90 and a 200-day moving average of GBX 362.07. The company has a quick ratio of 0.42, a current ratio of 0.81 and a debt-to-equity ratio of 121.22. Marks and Spencer Group has a 12-month low of GBX 315.30 and a 12-month high of GBX 417.80.

Insider Buying and Selling

In related news, insider Stuart Machin sold 150,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of GBX 404, for a total value of £606,000. Corporate insiders own 0.50% of the company’s stock.

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.