Marks and Spencer Group (LON:MKS) Receives “House Stock” Rating from Shore Capital Group

Shore Capital Group reiterated their house stock rating on shares of Marks and Spencer Group (LON:MKS) in a report published on Thursday,Digital Look reports.

Other analysts have also recently issued research reports about the stock. Berenberg Bank upgraded shares of Marks and Spencer Group to a “buy” rating and upped their price objective for the company from GBX 412 to GBX 415 in a research report on Thursday, January 8th. Jefferies Financial Group restated a “buy” rating and issued a GBX 440 price objective on shares of Marks and Spencer Group in a research report on Tuesday, March 10th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. Finally, Citigroup lowered their price objective on shares of Marks and Spencer Group to GBX 430 and set a “buy” rating for the company in a research report on Thursday, March 19th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Marks and Spencer Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 416.43.

Marks and Spencer Group Price Performance

MKS opened at GBX 360.30 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.81 and a debt-to-equity ratio of 121.22. Marks and Spencer Group has a 12 month low of GBX 315.30 and a 12 month high of GBX 417.80. The company has a fifty day simple moving average of GBX 367.50 and a 200 day simple moving average of GBX 361.84. The stock has a market cap of £7.30 billion, a P/E ratio of 400.33, a P/E/G ratio of 0.20 and a beta of 1.08.

Insiders Place Their Bets

In related news, insider Stuart Machin sold 150,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of GBX 404, for a total value of £606,000. Insiders own 0.50% 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. 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.