Marks and Spencer Group plc (LON:MKS) Receives GBX 416.43 Average Price Target from Analysts

Shares of Marks and Spencer Group plc (LON:MKS) have received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 416.43.

MKS has been the topic of several research analyst reports. Berenberg Bank raised Marks and Spencer Group to a “buy” rating and increased their target price for the stock from GBX 412 to GBX 415 in a research note on Thursday, January 8th. Citigroup cut their price objective on shares of Marks and Spencer Group to GBX 430 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 440 target price on shares of Marks and Spencer Group in a report on Tuesday, March 10th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, January 9th. Finally, Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, February 5th.

Marks and Spencer Group Trading Up 1.8%

LON:MKS opened at GBX 339.52 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.42 and a debt-to-equity ratio of 121.22. Marks and Spencer Group has a 1-year low of GBX 315.30 and a 1-year high of GBX 417.80. The firm has a market capitalization of £6.85 billion, a price-to-earnings ratio of 377.24, a PEG ratio of 0.20 and a beta of 1.04. The business’s 50-day moving average price is GBX 370.50 and its two-hundred day moving average price is GBX 361.70.

Insider Transactions at Marks and Spencer Group

In other news, insider Stuart Machin sold 150,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of GBX 404, for a total value of £606,000. Insiders own 0.50% 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.