Marks and Spencer Group plc (LON:MKS) Stock Now Rated “Buy” by Wall Street Analysts

Shares of Marks and Spencer Group plc (LON:MKS) have been given an average recommendation of “Buy” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 465.83.

Several research analysts have recently commented on the company. Citigroup boosted their price objective on Marks and Spencer Group from GBX 390 to GBX 470 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Marks and Spencer Group from GBX 435 to GBX 470 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group reiterated a “buy” rating and set a GBX 500 target price on shares of Marks and Spencer Group in a research report on Thursday. JPMorgan Chase & Co. raised shares of Marks and Spencer Group to an “overweight” rating and boosted their price target for the stock from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 480 price target on shares of Marks and Spencer Group in a report on Thursday, September 17th.

Marks and Spencer Group Stock Up 0.7%

MKS stock opened at GBX 436.40 on Monday. The stock has a 50-day simple moving average of GBX 395.31 and a two-hundred day simple moving average of GBX 374.79. Marks and Spencer Group has a twelve month low of GBX 301.10 and a twelve month high of GBX 452.80. The firm has a market capitalization of £9.03 billion, a PE ratio of 35.48, a PEG ratio of 0.20 and a beta of 1.00. The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 108.12.

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.