Shares of Marks and Spencer Group plc (LON:MKS – Get Rating) have been given a consensus recommendation of “Buy” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 230.71 ($2.84).
A number of analysts have weighed in on MKS shares. Berenberg Bank cut their price objective on shares of Marks and Spencer Group from GBX 265 ($3.27) to GBX 215 ($2.65) and set a “buy” rating on the stock in a report on Thursday, April 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 200 ($2.47) target price on shares of Marks and Spencer Group in a report on Monday. Barclays reissued an “overweight” rating and issued a GBX 215 ($2.65) price objective on shares of Marks and Spencer Group in a research note on Thursday. Morgan Stanley reissued an “equal weight” rating on shares of Marks and Spencer Group in a research note on Friday, March 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 260 ($3.21) price objective on shares of Marks and Spencer Group in a research note on Friday, March 11th.
MKS stock traded up GBX 2.65 ($0.03) during midday trading on Friday, reaching GBX 136.25 ($1.68). 3,157,086 shares of the company were exchanged, compared to its average volume of 6,833,175. The company has a debt-to-equity ratio of 158.42, a quick ratio of 0.52 and a current ratio of 0.86. Marks and Spencer Group has a 1-year low of GBX 129.75 ($1.60) and a 1-year high of GBX 263 ($3.24). The stock’s 50-day simple moving average is GBX 149.87 and its 200 day simple moving average is GBX 192.51. The company has a market cap of £2.67 billion and a price-to-earnings ratio of 89.70.
Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and ‘Food on the Move' products.
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