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

Shares of Marks and Spencer Group plc (LON:MKS) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 415.83.

MKS has been the topic of a number of recent research reports. Citigroup upped their target price on Marks and Spencer Group from GBX 440 to GBX 450 and gave the stock a “buy” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. restated 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, February 5th. Peel Hunt reiterated a “hold” rating and issued a GBX 360 target price on shares of Marks and Spencer Group in a research note on Wednesday, November 5th. Finally, UBS Group restated a “buy” rating and set a GBX 435 price target on shares of Marks and Spencer Group in a research report on Friday, November 7th.

Marks and Spencer Group Price Performance

LON:MKS opened at GBX 376.80 on Wednesday. The firm’s fifty day moving average is GBX 366.18 and its two-hundred day moving average is GBX 361.48. The firm has a market cap of £7.60 billion, a price-to-earnings ratio of 418.67, a PEG ratio of 0.20 and a beta of 1.03. The company has a debt-to-equity ratio of 121.22, a quick ratio of 0.42 and a current ratio of 0.81. Marks and Spencer Group has a one year low of GBX 315.30 and a one year high of GBX 417.80.

Insider Activity

In other news, insider Stuart Machin sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of GBX 404, for a total transaction of £606,000. 0.51% of the stock is currently 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.