Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for Marks and Spencer Group (LON:MKS)

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank Aktiengesellschaft in a report issued on Thursday,Digital Look reports. They currently have a GBX 435 target price on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 11.68% from the stock’s current price.

MKS has been the subject of several other reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 440 price target on shares of Marks and Spencer Group in a report on Thursday, May 21st. UBS Group reaffirmed a “buy” rating and set a GBX 425 price objective on shares of Marks and Spencer Group in a research report on Monday, May 18th. Citigroup reduced their target price on shares of 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. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, July 16th. Finally, Berenberg Bank increased their price target on shares of Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Marks and Spencer Group has an average rating of “Moderate Buy” and an average target price of GBX 422.50.

Marks and Spencer Group Stock Up 1.0%

MKS stock opened at GBX 389.50 on Thursday. The company has a 50 day moving average of GBX 381.34 and a two-hundred day moving average of GBX 366.57. The company has a market cap of £8.01 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 0.20 and a beta of 1.01. Marks and Spencer Group has a 12-month low of GBX 301.10 and a 12-month high of GBX 418.32. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89.

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share for the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. The business had revenue of GBX 1,727.36 billion for the quarter. On average, equities analysts anticipate that Marks and Spencer Group will post 26.0113154 earnings per share for the current fiscal year.

Insider Buying and Selling at Marks and Spencer Group

In related news, insider Stuart Machin sold 560,402 shares of Marks and Spencer Group stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of GBX 384, for a total value of £2,151,943.68. Also, insider Alison Dolan sold 85,000 shares of Marks and Spencer Group stock in a transaction on Friday, May 22nd. The stock was sold at an average price of GBX 359, for a total transaction of £305,150. 0.48% of the stock is currently owned by corporate insiders.

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.