Marks and Spencer Group (LON:MKS) PT Lowered to GBX 165 at Deutsche Bank Aktiengesellschaft

Marks and Spencer Group (LON:MKSGet Rating) had its price target dropped by Deutsche Bank Aktiengesellschaft from GBX 185 ($2.33) to GBX 165 ($2.08) in a research note issued on Wednesday, Marketbeat reports. The firm currently has a “hold” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 17.02% from the company’s previous close.

MKS has been the topic of a number of other reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 200 ($2.52) price objective on shares of Marks and Spencer Group in a research note on Monday, May 16th. Barclays reaffirmed an “overweight” rating and issued a GBX 215 ($2.71) price objective on shares of Marks and Spencer Group in a research note on Thursday, May 19th. Berenberg Bank dropped their price objective on shares of Marks and Spencer Group from GBX 265 ($3.33) to GBX 215 ($2.71) and set a “buy” rating on the stock in a research note on Thursday, April 14th. Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Monday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Marks and Spencer Group from GBX 205 ($2.58) to GBX 180 ($2.27) and set a “neutral” rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 209.88 ($2.64).

LON:MKS opened at GBX 141 ($1.77) on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.52 and a debt-to-equity ratio of 158.42. The stock has a market capitalization of £2.76 billion and a price-to-earnings ratio of 94.24. The firm has a fifty day simple moving average of GBX 147.51 and a two-hundred day simple moving average of GBX 190.93. Marks and Spencer Group has a 12 month low of GBX 127 ($1.60) and a 12 month high of GBX 263 ($3.31).

Marks and Spencer Group Company Profile (Get Rating)

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.

Further Reading

Analyst Recommendations for Marks and Spencer Group (LON:MKS)

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