HSBC Reiterates Hold Rating for Marks and Spencer Group (MKS)
Marks and Spencer Group (LON:MKS)‘s stock had its “hold” rating restated by analysts at HSBC in a research report issued on Friday, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued reports about the company. Peel Hunt reissued a “buy” rating on shares of Marks and Spencer Group in a research note on Wednesday, February 27th. Citigroup reaffirmed a “buy” rating and set a GBX 330 ($4.31) price target on shares of Marks and Spencer Group in a research report on Monday, May 13th. Jefferies Financial Group downgraded Marks and Spencer Group to a “hold” rating and decreased their price target for the company from GBX 310 ($4.05) to GBX 280 ($3.66) in a research report on Tuesday, April 9th. Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating on shares of Marks and Spencer Group in a research report on Friday, May 17th. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Marks and Spencer Group presently has an average rating of “Hold” and an average target price of GBX 260.17 ($3.40).
Shares of Marks and Spencer Group stock opened at GBX 246.30 ($3.22) on Friday. The company has a market capitalization of $4.00 billion and a PE ratio of 136.83. Marks and Spencer Group has a 52 week low of GBX 240 ($3.14) and a 52 week high of GBX 316.60 ($4.14). The company has a debt-to-equity ratio of 62.77, a current ratio of 0.73 and a quick ratio of 0.26.
Marks and Spencer Group Company Profile
Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.
Read More: Depreciation
Receive News & Ratings for Marks and Spencer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group and related companies with MarketBeat.com's FREE daily email newsletter.