Marks and Spencer Group plc (LON:MKS) Receives GBX 418.57 Consensus PT from Brokerages

Shares of Marks and Spencer Group plc (LON:MKS) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 418.57.

Several equities analysts recently weighed in on the company. UBS Group reiterated a “buy” rating and set a GBX 425 target price on shares of Marks and Spencer Group in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Berenberg Bank lifted their price objective on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a research report on Thursday, May 21st. Citigroup cut their price objective on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating for the company in a research note on Friday, May 22nd. Finally, Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, May 20th.

Insider Buying and Selling at Marks and Spencer Group

In other news, insider Alison Dolan sold 85,000 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total value of £305,150. 0.49% of the stock is currently owned by insiders.

Marks and Spencer Group Stock Performance

Shares of Marks and Spencer Group stock opened at GBX 354.10 on Friday. The company’s fifty day simple moving average is GBX 348.91 and its 200-day simple moving average is GBX 352.66. The stock has a market capitalization of £7.28 billion, a PE ratio of 28.79, a P/E/G ratio of 0.20 and a beta of 1.03. Marks and Spencer Group has a 1-year low of GBX 301.10 and a 1-year high of GBX 411.80. The company has a debt-to-equity ratio of 111.89, a current ratio of 0.86 and a quick ratio of 0.42.

Marks and Spencer Group (LON:MKS) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. The firm had revenue of GBX 1,727.36 billion during the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. As a group, equities analysts anticipate that Marks and Spencer Group will post 26.0113154 earnings per share 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.