Marks and Spencer Group Plc (LON:MKS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Marks and Spencer Group Plc (LON:MKS) have received a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 230.54 ($3.01).

Several analysts have recently weighed in on MKS shares. Morgan Stanley reissued an “equal weight” rating and issued a GBX 230 ($3.01) target price on shares of Marks and Spencer Group in a report on Monday, August 5th. UBS Group reissued a “neutral” rating and issued a GBX 205 ($2.68) target price on shares of Marks and Spencer Group in a report on Wednesday, October 2nd. Royal Bank of Canada reduced their target price on Marks and Spencer Group from GBX 250 ($3.27) to GBX 225 ($2.94) and set a “sector performer” rating for the company in a report on Tuesday, July 2nd. Goldman Sachs Group started coverage on Marks and Spencer Group in a report on Monday, September 2nd. They issued a “sell” rating and a GBX 170 ($2.22) target price for the company. Finally, Barclays reissued an “overweight” rating and issued a GBX 290 ($3.79) target price on shares of Marks and Spencer Group in a report on Friday, September 20th.

LON MKS traded down GBX 0.10 ($0.00) during trading on Friday, reaching GBX 200.60 ($2.62). 9,673,271 shares of the company’s stock were exchanged, compared to its average volume of 7,590,000. The stock has a market cap of $3.91 billion and a P/E ratio of 95.52. The company has a debt-to-equity ratio of 66.87, a quick ratio of 0.27 and a current ratio of 0.67. The company has a 50 day moving average price of GBX 188.53 and a two-hundred day moving average price of GBX 224.18. Marks and Spencer Group has a 1 year low of GBX 161.35 ($2.11) and a 1 year high of GBX 315 ($4.12).

In related news, insider Archie Norman acquired 55,000 shares of Marks and Spencer Group stock in a transaction on Thursday, September 26th. The stock was purchased at an average cost of GBX 180 ($2.35) per share, with a total value of £99,000 ($129,361.03).

About Marks and Spencer Group

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.

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Analyst Recommendations for Marks and Spencer Group (LON:MKS)

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