Marks and Spencer Group plc (LON:MKS) Given Average Rating of “Moderate Buy” by Analysts

Marks and Spencer Group plc (LON:MKS) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 415.83.

Several equities research analysts recently commented on the stock. UBS Group reissued a “buy” rating and set a GBX 435 price objective on shares of Marks and Spencer Group in a research note on Friday, November 7th. Berenberg Bank upgraded shares of Marks and Spencer Group to a “buy” rating and upped their price target for the stock from GBX 412 to GBX 415 in a research note on Thursday, January 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday. Finally, Royal Bank Of Canada downgraded Marks and Spencer Group to a “sector perform” rating and raised their price target for the stock from GBX 375 to GBX 400 in a research note on Monday, October 20th.

Insider Activity

In other Marks and Spencer Group news, insider Sean Doyle acquired 2,526 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was purchased at an average price of GBX 334 per share, with a total value of £8,436.84. 0.51% of the stock is currently owned by insiders.

Marks and Spencer Group Price Performance

Shares of MKS stock opened at GBX 386.40 on Friday. The business’s fifty day moving average is GBX 343.45 and its 200 day moving average is GBX 355.29. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. The stock has a market cap of £7.79 billion, a price-to-earnings ratio of 429.33, a PEG ratio of 0.20 and a beta of 1.62. Marks and Spencer Group has a twelve month low of GBX 315.30 and a twelve month high of GBX 417.80.

Marks and Spencer Group (LON:MKS) last announced its earnings results on Wednesday, November 5th. The retailer reported GBX 6.60 EPS for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. Research analysts expect that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.

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. We do this through a network of stores and websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year.