Berenberg Bank Issues Positive Forecast for Marks and Spencer Group (LON:MKS) Stock Price

Marks and Spencer Group (LON:MKS) had its price target upped by research analysts at Berenberg Bank from GBX 415 to GBX 480 in a note issued to investors on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the retailer’s stock. Berenberg Bank’s price target points to a potential upside of 38.53% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on MKS. Jefferies Financial Group restated a “buy” rating and set a GBX 440 price target on shares of Marks and Spencer Group in a report on Tuesday, March 10th. UBS Group restated a “buy” rating and set a GBX 425 price target on shares of Marks and Spencer Group in a report on Monday. Citigroup decreased their price target on shares of Marks and Spencer Group to GBX 430 and set a “buy” rating for the company in a report on Thursday, March 19th. Finally, Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Marks and Spencer Group has an average rating of “Moderate Buy” and an average price target of GBX 424.29.

Marks and Spencer Group Stock Down 0.6%

MKS stock opened at GBX 346.50 on Thursday. The company has a debt-to-equity ratio of 121.22, a current ratio of 0.81 and a quick ratio of 0.42. Marks and Spencer Group has a 52-week low of GBX 301.10 and a 52-week high of GBX 411.80. The company has a 50-day moving average of GBX 342.76 and a two-hundred day moving average of GBX 352.59. The stock has a market capitalization of £7.02 billion, a price-to-earnings ratio of 385.00, a price-to-earnings-growth ratio of 0.20 and a beta of 1.02.

Marks and Spencer Group (LON:MKS) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Marks and Spencer Group had a net margin of 0.13% and a return on equity of 0.69%. The company had revenue of GBX 1,727.36 billion during the quarter. As a group, equities research analysts anticipate that Marks and Spencer Group will post 26.0113154 EPS for the current year.

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.