Marks and Spencer Group (LON:MKS) Upgraded to “Buy” at Berenberg Bank

Marks and Spencer Group (LON:MKS) was upgraded by Berenberg Bank to a “buy” rating in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a GBX 415 price target on the retailer’s stock, up from their previous price target of GBX 412. Berenberg Bank’s price target indicates a potential upside of 17.56% from the stock’s current price.

Several other research firms have also recently issued reports on MKS. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday. Peel Hunt reissued a “hold” rating and set a GBX 360 price target on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, November 5th. UBS Group reissued a “buy” rating and set a GBX 435 price target on shares of Marks and Spencer Group in a research report on Friday, November 7th. Finally, Citigroup upped their target price on shares of Marks and Spencer Group from GBX 440 to GBX 450 and gave the company a “buy” rating in a research note on Monday, November 10th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 415.83.

Marks and Spencer Group Trading Up 2.4%

Shares of Marks and Spencer Group stock traded up GBX 8.20 during trading on Thursday, reaching GBX 353. The company’s stock had a trading volume of 14,196,066 shares, compared to its average volume of 61,994,234. The firm’s 50-day moving average is GBX 341.34 and its two-hundred day moving average is GBX 352.03. Marks and Spencer Group has a 52-week low of GBX 315.30 and a 52-week high of GBX 417.80. The company has a market cap of £7.12 billion, a price-to-earnings ratio of 392.22, a PEG ratio of 0.20 and a beta of 1.62. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00.

Marks and Spencer Group (LON:MKS) last released its earnings results on Wednesday, November 5th. The retailer reported GBX 6.60 earnings per share for the quarter. Marks and Spencer Group had a return on equity of 17.23% and a net margin of 3.77%. On average, sell-side analysts anticipate that Marks and Spencer Group will post 26.0113154 earnings per share for the current year.

Insider Transactions at Marks and Spencer Group

In other Marks and Spencer Group news, insider Sean Doyle purchased 2,526 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were acquired at an average cost of GBX 334 per share, with a total value of £8,436.84. Insiders own 0.51% 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.