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

Marks and Spencer Group plc (LON:MKS) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 415.83.

A number of research analysts have commented on MKS shares. Citigroup upped their price objective 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. reissued an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, February 5th. Berenberg Bank upgraded shares of Marks and Spencer Group to a “buy” rating and lifted their price objective for the stock from GBX 412 to GBX 415 in a research note on Thursday, January 8th. Finally, UBS Group reissued a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a report on Friday, November 7th.

Insider Buying and Selling at Marks and Spencer Group

In related news, insider Stuart Machin sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of GBX 404, for a total value of £606,000. 0.51% of the stock is currently owned by corporate insiders.

Marks and Spencer Group Trading Down 3.7%

Shares of Marks and Spencer Group stock opened at GBX 364 on Wednesday. The company has a debt-to-equity ratio of 121.22, a current ratio of 0.81 and a quick ratio of 0.42. The business has a fifty day simple moving average of GBX 369.24 and a two-hundred day simple moving average of GBX 361.82. Marks and Spencer Group has a 1 year low of GBX 315.30 and a 1 year high of GBX 417.80. The company has a market capitalization of £7.34 billion, a price-to-earnings ratio of 404.44, a P/E/G ratio of 0.20 and a beta of 1.04.

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.