Marks and Spencer Group’s (MKS) “Buy” Rating Reiterated at UBS Group

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reiterated by investment analysts at UBS Group in a research note issued on Friday, Marketbeat reports. They currently have a GBX 435 price target on the retailer’s stock. UBS Group’s price objective indicates a potential upside of 13.76% from the company’s current price.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marks and Spencer Group in a report on Thursday. Citigroup raised Marks and Spencer Group to a “buy” rating and lifted their price target for the stock from GBX 380 to GBX 440 in a research note on Monday, September 8th. Royal Bank Of Canada cut Marks and Spencer Group to a “sector perform” rating and upped their price objective for the stock from GBX 375 to GBX 400 in a report on Monday, October 20th. Peel Hunt reissued a “hold” rating and set a GBX 360 price objective on shares of Marks and Spencer Group in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Marks and Spencer Group from GBX 450 to GBX 435 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 413.67.

Marks and Spencer Group Price Performance

LON:MKS traded down GBX 6.70 during mid-day trading on Friday, hitting GBX 382.40. 6,139,979 shares of the stock traded hands, compared to its average volume of 15,144,296. The business’s 50-day moving average price is GBX 372.72 and its 200 day moving average price is GBX 363.69. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. The company has a market cap of £7.71 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. Marks and Spencer Group has a 12-month low of GBX 319.20 and a 12-month high of GBX 417.80.

Marks and Spencer Group (LON:MKS) last released its quarterly earnings results on Wednesday, November 5th. The retailer reported GBX 6.60 EPS for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. On average, analysts expect that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.

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.