Marks and Spencer Group’s (MKS) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Marks and Spencer Group (LON:MKS) in a report published on Tuesday morning, MarketBeat Ratings reports.

Several other research analysts have also commented on MKS. Deutsche Bank Aktiengesellschaft reduced their price target on Marks and Spencer Group from GBX 450 to GBX 435 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Citigroup raised Marks and Spencer Group to a “buy” rating and boosted their price target for the stock from GBX 380 to GBX 440 in a research report on Monday, September 8th. Royal Bank Of Canada reduced their price target on Marks and Spencer Group from GBX 420 to GBX 400 and set an “outperform” rating for the company in a research report on Wednesday, July 16th. Finally, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Monday, September 22nd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Marks and Spencer Group has an average rating of “Buy” and a consensus price target of GBX 425.

Marks and Spencer Group Trading Up 1.0%

MKS opened at GBX 378.80 on Tuesday. The firm has a market cap of £7.64 billion, a price-to-earnings ratio of 2,705.71, a PEG ratio of 0.20 and a beta of 1.62. The company has a current ratio of 0.82, a quick ratio of 0.42 and a debt-to-equity ratio of 95.00. Marks and Spencer Group has a 12 month low of GBX 319.20 and a 12 month high of GBX 417.80. The stock has a fifty day moving average price of GBX 350.67 and a 200-day moving average price of GBX 359.18.

Insider Activity

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

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.