Marks and Spencer Group’s (MKS) “Buy” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Marks and Spencer Group (LON:MKS) in a research report released on Tuesday, MarketBeat.com reports. The brokerage currently has a GBX 440 price target on the retailer’s stock.

Other research analysts have also recently issued reports about the stock. Citigroup increased their price target on shares of Marks and Spencer Group from GBX 440 to GBX 450 and gave the company a “buy” rating in a report on Monday, November 10th. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, February 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, January 9th. Finally, Berenberg Bank raised Marks and Spencer Group to a “buy” rating and lifted their price target for the stock from GBX 412 to GBX 415 in a report on Thursday, January 8th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marks and Spencer Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 419.29.

Marks and Spencer Group Trading Up 1.3%

LON MKS opened at GBX 357.80 on Tuesday. 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 52 week low of GBX 315.30 and a 52 week high of GBX 417.80. The stock’s 50 day moving average price is GBX 370.53 and its two-hundred day moving average price is GBX 361.87. The stock has a market capitalization of £7.22 billion, a price-to-earnings ratio of 397.56, a PEG ratio of 0.20 and a beta of 1.04.

Insider Buying and Selling at Marks and Spencer Group

In related news, insider Stuart Machin sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was 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.