Marks and Spencer Group (LON:MKS) Upgraded at JPMorgan Chase & Co.

Marks and Spencer Group (LON:MKS) was upgraded by equities research analysts at JPMorgan Chase & Co. to an “overweight” rating in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage presently has a GBX 450 target price on the retailer’s stock, up from their prior target price of GBX 440. JPMorgan Chase & Co.‘s price target indicates a potential upside of 14.83% from the company’s current price.

Several other analysts have also recently commented on the company. Citigroup lowered their target price on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Berenberg Bank boosted their price target on Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 440 price target on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a report on Thursday, May 21st. Finally, Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, July 16th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 422.50.

Marks and Spencer Group Stock Up 3.2%

Marks and Spencer Group stock opened at GBX 391.90 on Tuesday. The firm has a market capitalization of £8.06 billion, a P/E ratio of 31.86, a P/E/G ratio of 0.20 and a beta of 1.01. The company has a 50-day simple moving average of GBX 361.87 and a 200-day simple moving average of GBX 360.11. Marks and Spencer Group has a one year low of GBX 301.10 and a one year high of GBX 411.80. The company has a debt-to-equity ratio of 111.89, a quick ratio of 0.42 and a current ratio of 0.86.

Marks and Spencer Group (LON:MKS) last posted its earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. The firm had revenue of GBX 1,727.36 billion during the quarter. As a group, equities analysts expect that Marks and Spencer Group will post 26.0113154 earnings per share for the current year.

Insider Transactions at Marks and Spencer Group

In other Marks and Spencer Group news, insider Alison Dolan sold 85,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total value of £305,150. Also, insider Stuart Machin sold 560,402 shares of Marks and Spencer Group stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of GBX 384, for a total transaction of £2,151,943.68. 0.45% of the stock is currently owned by corporate insiders.

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.