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

Marks and Spencer Group (LON:MKS)‘s stock had its “house stock” rating reissued by equities researchers at Shore Capital Group in a report issued on Thursday, Marketbeat.com reports.

MKS has been the topic of a number of other reports. Citigroup decreased their price objective on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Jefferies Financial Group restated a “buy” rating and issued a GBX 440 target price on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 435 target price on shares of Marks and Spencer Group in a report on Thursday, May 21st. UBS Group reiterated a “buy” rating and set a GBX 425 price target on shares of Marks and Spencer Group in a research report on Monday, May 18th. Finally, Berenberg Bank increased their price target on shares of Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a report on Thursday, May 21st. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 418.57.

Marks and Spencer Group Stock Down 1.1%

Marks and Spencer Group stock opened at GBX 379.10 on Thursday. The firm has a 50 day simple moving average of GBX 360.72 and a 200 day simple moving average of GBX 359.47. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89. Marks and Spencer Group has a 1-year low of GBX 301.10 and a 1-year high of GBX 411.80. The firm has a market capitalization of £7.79 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 0.20 and a beta of 1.01.

Marks and Spencer Group (LON:MKS) last posted its earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Marks and Spencer Group had a return on equity of 8.86% and a net margin of 1.50%.The firm had revenue of GBX 1,727.36 billion for the quarter. On average, analysts predict that Marks and Spencer Group will post 26.0113154 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Stuart Machin sold 560,402 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of GBX 384, for a total value of £2,151,943.68. Also, insider Alison Dolan sold 85,000 shares of Marks and Spencer Group stock in a transaction on Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total value of £305,150. 0.45% of the stock is owned by insiders.

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. 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.