Marks and Spencer Group Plc (LON:MKS) has received a consensus rating of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 281.11 ($3.67).
Several research analysts recently weighed in on MKS shares. Peel Hunt reissued a “buy” rating on shares of Marks and Spencer Group in a research note on Wednesday, February 27th. Citigroup restated a “buy” rating and set a GBX 330 ($4.31) target price on shares of Marks and Spencer Group in a report on Monday. Jefferies Financial Group downgraded shares of Marks and Spencer Group to a “hold” rating and dropped their target price for the stock from GBX 310 ($4.05) to GBX 280 ($3.66) in a report on Tuesday, April 9th. Barclays dropped their target price on shares of Marks and Spencer Group from GBX 370 ($4.83) to GBX 335 ($4.38) and set an “overweight” rating on the stock in a report on Tuesday, March 5th. Finally, Numis Securities restated a “reduce” rating on shares of Marks and Spencer Group in a report on Thursday.
Shares of LON:MKS opened at GBX 267.50 ($3.50) on Thursday. Marks and Spencer Group has a 12 month low of GBX 240 ($3.14) and a 12 month high of GBX 316.60 ($4.14). The company has a debt-to-equity ratio of 62.77, a quick ratio of 0.26 and a current ratio of 0.73. The stock has a market cap of $4.45 billion and a price-to-earnings ratio of 148.61.
Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.
Further Reading: Oversold
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