Marks and Spencer Group plc (LON:MKS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Marks and Spencer Group plc (LON:MKS) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 432.50.

A number of research firms have recently weighed in on MKS. Jefferies Financial Group reaffirmed 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. Berenberg Bank boosted their target price 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. JPMorgan Chase & Co. upgraded Marks and Spencer Group to an “overweight” rating and upped their price target for the stock from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a research report on Thursday, August 13th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, July 16th.

Marks and Spencer Group Price Performance

Shares of MKS opened at GBX 391.90 on Wednesday. The company has a market cap of £8.06 billion, a P/E ratio of 31.86, a PEG ratio of 0.20 and a beta of 0.99. Marks and Spencer Group has a fifty-two week low of GBX 301.10 and a fifty-two week high of GBX 418.32. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89. The firm’s 50 day moving average price is GBX 388.30 and its 200 day moving average price is GBX 367.85.

Insider Transactions at Marks and Spencer Group

In related news, insider Stuart Machin sold 560,402 shares of Marks and Spencer Group stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of GBX 384, for a total value of £2,151,943.68. 0.48% 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.