Shore Capital Reaffirms House Stock Rating for Marks and Spencer Group (LON:MKS)

Marks and Spencer Group (LON:MKS)‘s stock had its “house stock” rating restated by Shore Capital in a research note issued to investors on Monday, Marketbeat Ratings reports.

Several other brokerages have also recently weighed in on MKS. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marks and Spencer Group in a research note on Wednesday, July 30th. Royal Bank Of Canada decreased their price target on shares of Marks and Spencer Group from GBX 420 to GBX 400 and set an “outperform” rating for the company in a research note on Wednesday, July 16th. Citigroup raised shares of Marks and Spencer Group to a “buy” rating and raised their price target for the stock from GBX 380 to GBX 440 in a research note on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marks and Spencer Group from GBX 450 to GBX 435 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 425.

Marks and Spencer Group Stock Performance

Shares of MKS stock opened at GBX 360.30 on Monday. 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 company has a market capitalization of £7.27 billion, a P/E ratio of 2,573.57, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company’s 50 day moving average price is GBX 346.76 and its two-hundred day moving average price is GBX 357.45. Marks and Spencer Group has a 52 week low of GBX 319.20 and a 52 week high of GBX 417.80.

Insiders Place Their Bets

In other Marks and Spencer Group news, insider Stuart Machin sold 833,949 shares of Marks and Spencer Group stock in a transaction on Thursday, July 17th. The shares were sold at an average price of GBX 333, for a total transaction of £2,777,050.17. Also, insider Alison Dolan sold 116,632 shares of Marks and Spencer Group stock in a transaction on Thursday, July 17th. The stock was sold at an average price of GBX 333, for a total transaction of £388,384.56. Insiders own 0.51% of the company’s stock.

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.