Marks and Spencer Group plc (LON:MKS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Marks and Spencer Group plc (LON:MKS) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 254.17 ($3.21).

A number of brokerages have recently commented on MKS. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 260 ($3.29) price target on shares of Marks and Spencer Group in a research report on Thursday, December 14th. Barclays reissued an “overweight” rating and issued a GBX 300 ($3.79) price target on shares of Marks and Spencer Group in a research report on Tuesday, February 6th. Finally, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, March 7th.

Marks and Spencer Group Stock Performance

Shares of MKS opened at GBX 265.10 ($3.35) on Monday. The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 115.61. The business’s 50 day moving average price is GBX 245.19 and its 200-day moving average price is GBX 245.29. Marks and Spencer Group has a 52 week low of GBX 154.30 ($1.95) and a 52 week high of GBX 293.20 ($3.71). The stock has a market cap of £5.38 billion, a P/E ratio of 1,325.50, a P/E/G ratio of 2.96 and a beta of 1.57.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.