Analysts Set Marks and Spencer Group plc (LON:MKS) Price Target at GBX 415.83

Shares of Marks and Spencer Group plc (LON:MKS) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 415.83.

Several research firms recently weighed in on MKS. UBS Group restated a “buy” rating and set a GBX 435 price target on shares of Marks and Spencer Group in a research report on Friday, November 7th. Citigroup increased their target price on Marks and Spencer Group from GBX 440 to GBX 450 and gave the company a “buy” rating in a report on Monday, November 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, January 9th. Berenberg Bank upgraded Marks and Spencer Group to a “buy” rating and boosted their price target for the stock from GBX 412 to GBX 415 in a research report on Thursday, January 8th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 360 price objective on shares of Marks and Spencer Group in a report on Wednesday, November 5th.

Insider Activity at Marks and Spencer Group

In related news, insider Sean Doyle bought 2,526 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average cost of GBX 334 per share, with a total value of £8,436.84. Corporate insiders own 0.51% of the company’s stock.

Marks and Spencer Group Trading Up 0.4%

Shares of LON:MKS opened at GBX 386.40 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.42 and a debt-to-equity ratio of 95.00. Marks and Spencer Group has a 12-month low of GBX 315.30 and a 12-month high of GBX 417.80. The business has a 50 day moving average of GBX 344.26 and a two-hundred day moving average of GBX 355.61. The company has a market capitalization of £7.79 billion, a PE ratio of 429.33, a PEG ratio of 0.20 and a beta of 1.62.

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.