Marks and Spencer Group (LON:MKS) Hits New 1-Year High – Should You Buy?

Marks and Spencer Group plc (LON:MKS) hit a new 52-week high during trading on Tuesday. The stock traded as high as GBX 453.10 and last traded at GBX 452.50, with a volume of 9,295,127 shares. The stock had previously closed at GBX 437.60.

Analysts Set New Price Targets

A number of research analysts have recently commented on MKS shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Marks and Spencer Group from GBX 435 to GBX 470 and gave the stock a “buy” rating in a report on Friday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 480 price target on shares of Marks and Spencer Group in a report on Thursday, September 17th. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, November 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 500 price objective on shares of Marks and Spencer Group in a research note on Thursday, November 5th. Finally, JPMorgan Chase & Co. raised shares of Marks and Spencer Group to an “overweight” rating and increased their price objective for the company from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 465.83.

Marks and Spencer Group Stock Up 3.8%

The company has a debt-to-equity ratio of 108.12, a quick ratio of 0.42 and a current ratio of 0.87. The stock’s fifty day simple moving average is GBX 396.17 and its two-hundred day simple moving average is GBX 375.18. The stock has a market capitalization of £9.40 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 0.20 and a beta of 1.00.

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.