Marks and Spencer Group (LON:MKS) Price Target Cut to GBX 145 by Analysts at Deutsche Bank Aktiengesellschaft

Marks and Spencer Group (LON:MKSGet Rating) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from GBX 155 ($1.87) to GBX 145 ($1.75) in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a hold rating on the retailer’s stock.

MKS has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on shares of Marks and Spencer Group from GBX 165 ($1.99) to GBX 120 ($1.45) and set a neutral rating for the company in a research report on Wednesday, September 7th. Barclays restated an overweight rating and set a GBX 215 ($2.60) price target on shares of Marks and Spencer Group in a research report on Monday, July 25th. Jefferies Financial Group reduced their price target on shares of Marks and Spencer Group from GBX 170 ($2.05) to GBX 115 ($1.39) and set a hold rating for the company in a research report on Tuesday, September 6th. Royal Bank of Canada reduced their price target on shares of Marks and Spencer Group from GBX 200 ($2.42) to GBX 170 ($2.05) and set an outperform rating for the company in a research report on Monday, May 30th. Finally, Shore Capital restated a house stock rating on shares of Marks and Spencer Group in a research report on Tuesday, August 30th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of GBX 185.22 ($2.24).

Marks and Spencer Group Trading Up 0.2 %

Shares of Marks and Spencer Group stock opened at GBX 120.40 ($1.45) on Wednesday. The firm has a 50-day simple moving average of GBX 132.40 and a two-hundred day simple moving average of GBX 142.67. The company has a market cap of £2.36 billion and a P/E ratio of 801.33. Marks and Spencer Group has a fifty-two week low of GBX 115.30 ($1.39) and a fifty-two week high of GBX 263 ($3.18). The company has a debt-to-equity ratio of 130.51, a quick ratio of 0.57 and a current ratio of 0.92.

Insider Buying and Selling at Marks and Spencer Group

In other Marks and Spencer Group news, insider Eoin Tonge sold 256,760 shares of the stock in a transaction dated Friday, June 24th. The shares were sold at an average price of GBX 137 ($1.66), for a total value of £351,761.20 ($425,037.70). In other news, insider Stuart Machin sold 99,121 shares of the stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of GBX 137 ($1.66), for a total value of £135,795.77 ($164,083.82). Also, insider Eoin Tonge sold 256,760 shares of the stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of GBX 137 ($1.66), for a total transaction of £351,761.20 ($425,037.70). In the last quarter, insiders acquired 333 shares of company stock worth $44,940.

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.

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

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