Marks and Spencer Group (MKS) Price Target Cut to GBX 230 by Analysts at Societe Generale
Marks and Spencer Group (LON:MKS) had its target price cut by Societe Generale from GBX 301 ($3.93) to GBX 230 ($3.01) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have a sell rating on the retailer’s stock.
MKS has been the topic of a number of other research reports. HSBC restated a hold rating on shares of Marks and Spencer Group in a research note on Thursday, January 10th. Royal Bank of Canada restated a sector perform rating and issued a GBX 300 ($3.92) target price on shares of Marks and Spencer Group in a research note on Thursday, January 10th. Barclays decreased their price target on Marks and Spencer Group from GBX 370 ($4.83) to GBX 335 ($4.38) and set an overweight rating for the company in a research note on Tuesday, March 5th. Peel Hunt reiterated a buy rating on shares of Marks and Spencer Group in a research note on Wednesday, February 27th. Finally, Liberum Capital reiterated a sell rating on shares of Marks and Spencer Group in a research note on Monday, February 4th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 277.57 ($3.63).
Shares of LON MKS opened at GBX 280.80 ($3.67) on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.26 and a debt-to-equity ratio of 62.77. Marks and Spencer Group has a one year low of GBX 240 ($3.14) and a one year high of GBX 316.60 ($4.14). The stock has a market capitalization of $4.52 billion and a price-to-earnings ratio of 156.00.
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.
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