Marks and Spencer Group plc (MKS.L) – What Are Investment Firms Thinking About This Stock?

Shares of Marks and Spencer Group plc (LON:MKS) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 432.50.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Marks and Spencer Group to an “overweight” rating and lifted their price target for the company from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a research report on Thursday, August 13th. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, July 16th. Citigroup upped their target price on shares of Marks and Spencer Group from GBX 390 to GBX 470 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 480 target price on shares of Marks and Spencer Group in a report on Thursday, September 17th.

Marks and Spencer Group Price Performance

Shares of MKS opened at GBX 411.65 on Thursday. The stock has a market cap of £8.52 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 0.20 and a beta of 1.00. Marks and Spencer Group has a 1 year low of GBX 301.10 and a 1 year high of GBX 418.32. The stock’s 50-day moving average price is GBX 385.70 and its two-hundred day moving average price is GBX 369.90. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89.

About Marks and Spencer Group

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.