Royal Bank Of Canada Issues Pessimistic Forecast for Marks and Spencer Group (LON:MKS) Stock Price

Marks and Spencer Group (LON:MKS) had its price target decreased by equities researchers at Royal Bank Of Canada from GBX 420 ($5.64) to GBX 400 ($5.37) in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 19.19% from the company’s current price.

Separately, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, May 21st.

Marks and Spencer Group Trading Up 1.5%

Shares of Marks and Spencer Group stock opened at GBX 335.60 ($4.51) on Wednesday. The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82. The firm has a 50-day moving average of GBX 357.98 and a 200-day moving average of GBX 358.68. Marks and Spencer Group has a 52-week low of GBX 299.50 ($4.02) and a 52-week high of GBX 417.80 ($5.61). The stock has a market cap of £6.74 billion, a PE ratio of 13.34, a PEG ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings data on Wednesday, May 21st. The retailer reported GBX 31.90 ($0.43) earnings per share (EPS) for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. As a group, sell-side analysts forecast that Marks and Spencer Group will post 26.0113154 EPS for the current year.

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.