Marks and Spencer Group (LON:MKS) Price Target Cut to GBX 430 by Analysts at Citigroup

Marks and Spencer Group (LON:MKS) had its price target trimmed by Citigroup to GBX 430 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the retailer’s stock.

Several other brokerages also recently issued reports on MKS. Jefferies Financial Group reissued a “buy” rating and set a GBX 440 target price on shares of Marks and Spencer Group in a research note on Tuesday, March 10th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a research note 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. Finally, Berenberg Bank upgraded shares of Marks and Spencer Group to a “buy” rating and lifted their price objective for the company from GBX 412 to GBX 415 in a research report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 416.43.

Marks and Spencer Group Price Performance

LON:MKS opened at GBX 338.90 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. The business’s 50-day simple moving average is GBX 374.28 and its two-hundred day simple moving average is GBX 361.93. The stock has a market cap of £6.83 billion, a PE ratio of 376.56, a P/E/G ratio of 0.20 and a beta of 1.04. Marks and Spencer Group has a 52 week low of GBX 315.30 and a 52 week high of GBX 417.80.

Insider Activity

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

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.