Marks and Spencer Group (LON:MKS) Price Target Raised to GBX 470 at Citigroup

Marks and Spencer Group (LON:MKS) had its target price increased by analysts at Citigroup from GBX 390 to GBX 470 in a research note issued to investors on Tuesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the retailer’s stock. Citigroup’s target price would suggest a potential upside of 20.33% from the company’s current price.

A number of other brokerages have also recently commented on MKS. Berenberg Bank upped their price target on shares of Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a research note on Thursday, May 21st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 440 price objective on shares of Marks and Spencer Group in a research note on Thursday, May 21st. JPMorgan Chase & Co. raised shares of Marks and Spencer Group to an “overweight” rating and boosted their target price for the company from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 435 target price on shares of Marks and Spencer Group in a research report on Thursday, August 13th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 425 price target on shares of Marks and Spencer Group in a report on Monday, May 18th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 432.50.

Marks and Spencer Group Price Performance

Shares of LON:MKS opened at GBX 390.60 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89. The firm has a market capitalization of £8.03 billion, a PE ratio of 31.76, a P/E/G ratio of 0.20 and a beta of 0.99. Marks and Spencer Group has a twelve month low of GBX 301.10 and a twelve month high of GBX 418.32. The company has a 50-day moving average price of GBX 384.26 and a two-hundred day moving average price of GBX 367.54.

Insider Activity at Marks and Spencer Group

In related news, insider Stuart Machin sold 560,402 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of GBX 384, for a total transaction of £2,151,943.68. Company insiders own 0.48% 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.