Marks and Spencer Group’s (MKS) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank Aktiengesellschaft in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 435 price target on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 25.29% from the stock’s current price.

MKS has been the topic of a number of other research reports. Berenberg Bank lifted their target price on shares of Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a research note on Thursday. UBS Group reiterated a “buy” rating and issued a GBX 425 price target on shares of Marks and Spencer Group in a research note on Monday. Jefferies Financial Group restated a “buy” rating and issued a GBX 440 price objective on shares of Marks and Spencer Group in a research report on Thursday. Citigroup dropped their price objective on Marks and Spencer Group to GBX 430 and set a “buy” rating for the company in a research note on Thursday, March 19th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Marks and Spencer Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 424.29.

Marks and Spencer Group Stock Performance

Marks and Spencer Group stock traded down GBX 1.30 during midday trading on Thursday, hitting GBX 347.20. The stock had a trading volume of 134,192,266 shares, compared to its average volume of 42,304,707. Marks and Spencer Group has a 52-week low of GBX 301.10 and a 52-week high of GBX 411.80. The company has a market capitalization of £7.03 billion, a PE ratio of 385.78, a P/E/G ratio of 0.20 and a beta of 1.02. The firm’s fifty day moving average is GBX 342.76 and its two-hundred day moving average is GBX 352.59. The company has a current ratio of 0.81, a quick ratio of 0.42 and a debt-to-equity ratio of 121.22.

Marks and Spencer Group (LON:MKS) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share for the quarter. The business had revenue of GBX 1,727.36 billion for the quarter. Marks and Spencer Group had a net margin of 0.13% and a return on equity of 0.69%. On average, research analysts forecast that Marks and Spencer Group will post 26.0113154 EPS for the current year.

About Marks and Spencer Group

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.