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

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Marks and Spencer Group (LON:MKS) in a report issued on Thursday morning,Digital Look reports. They currently have a GBX 435 price objective on the retailer’s stock.

Several other equities analysts have also commented on the company. Berenberg Bank increased their target price on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a report on Thursday, May 21st. Citigroup decreased their price target on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating for the company in a report on Friday, May 22nd. 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. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. raised Marks and Spencer Group to an “overweight” rating and raised their target price for the stock from GBX 440 to GBX 450 in a research report on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 422.50.

Marks and Spencer Group Stock Performance

Shares of MKS stock opened at GBX 383.50 on Thursday. Marks and Spencer Group has a 12-month low of GBX 301.10 and a 12-month high of GBX 418.32. The business’s fifty day simple moving average is GBX 382.17 and its 200-day simple moving average is GBX 366.90. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89. The company has a market cap of £7.88 billion, a PE ratio of 31.18, a PEG ratio of 0.20 and a beta of 1.01.

Marks and Spencer Group (LON:MKS) last announced its quarterly earnings data 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 1.50% and a return on equity of 8.86%. Analysts expect that Marks and Spencer Group will post 26.0113154 earnings per share for the current fiscal year.

Insider Buying and Selling at Marks and Spencer Group

In related news, insider Stuart Machin sold 560,402 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of GBX 384, for a total value of £2,151,943.68. Also, insider Alison Dolan sold 85,000 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total transaction of £305,150. Corporate insiders own 0.48% of the company’s stock.

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.