Marks and Spencer Group’s (MKS) Buy Rating Reiterated at Jefferies Financial Group

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a report released on Tuesday, MarketBeat reports. They currently have a GBX 440 price target on the retailer’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 22.97% from the company’s current price.

MKS has been the topic of a number of other research reports. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, February 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. Berenberg Bank raised Marks and Spencer Group to a “buy” rating and lifted their target price for the stock from GBX 412 to GBX 415 in a report on Thursday, January 8th. Finally, Citigroup boosted their price target on Marks and Spencer Group from GBX 440 to GBX 450 and gave the stock a “buy” rating in a research note on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Marks and Spencer Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 419.29.

Marks and Spencer Group Stock Up 1.3%

Marks and Spencer Group stock traded up GBX 4.50 during mid-day trading on Tuesday, reaching GBX 357.80. The stock had a trading volume of 15,635,596 shares, compared to its average volume of 38,244,867. Marks and Spencer Group has a one year low of GBX 315.30 and a one year high of GBX 417.80. The company has a 50-day moving average price of GBX 369.92 and a two-hundred day moving average price of GBX 361.88. The company has a market capitalization of £7.22 billion, a price-to-earnings ratio of 397.56, a PEG ratio of 0.20 and a beta of 1.04. The company has a debt-to-equity ratio of 121.22, a current ratio of 0.81 and a quick ratio of 0.42.

Insiders Place Their Bets

In related news, insider Stuart Machin sold 150,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of GBX 404, for a total transaction of £606,000. 0.50% of the stock is currently owned by company 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.