Marks and Spencer Group’s (MKS) Buy Rating Reiterated at Jefferies Financial Group

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 500 price objective on the retailer’s stock. Jefferies Financial Group‘s price target indicates a potential upside of 10.94% from the company’s previous close.

Several other research analysts have also recently weighed in on MKS. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday. Berenberg Bank reiterated a “buy” rating and issued a GBX 480 price target on shares of Marks and Spencer Group in a research report on Thursday, September 17th. Citigroup upped their price target on shares of Marks and Spencer Group from GBX 390 to GBX 470 and gave the company a “buy” rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. upgraded shares of Marks and Spencer Group to an “overweight” rating and raised their price objective for the company from GBX 440 to GBX 450 in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 435 price objective on shares of Marks and Spencer Group in a research report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 460.

Marks and Spencer Group Price Performance

Shares of MKS traded up GBX 10 during midday trading on Thursday, reaching GBX 450.70. The stock had a trading volume of 91,356,781 shares, compared to its average volume of 37,380,402. Marks and Spencer Group has a 52 week low of GBX 301.10 and a 52 week high of GBX 451.60. The company has a debt-to-equity ratio of 111.89, a current ratio of 0.86 and a quick ratio of 0.42. The firm’s 50 day moving average price is GBX 393.48 and its 200-day moving average price is GBX 374.06. The company has a market capitalization of £9.32 billion, a P/E ratio of 36.64, a P/E/G ratio of 0.20 and a beta of 1.00.

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.