Marks and Spencer Group’s (MKS) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Marks and Spencer Group (LON:MKS) in a research note published on Thursday morning,Digital Look reports. Berenberg Bank currently has a GBX 480 price objective on the retailer’s stock.

A number of other research analysts have also recently issued reports 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 report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 435 target price on shares of Marks and Spencer Group in a report on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 440 price target on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Citigroup upped their price target on 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, Shore Capital Group reaffirmed 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, Marks and Spencer Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 432.50.

Marks and Spencer Group Stock Performance

Shares of MKS stock opened at GBX 355.30 on Thursday. Marks and Spencer Group has a 12 month low of GBX 301.10 and a 12 month high of GBX 418.32. The stock has a market cap of £7.35 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 0.20 and a beta of 0.99. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89. The company’s fifty day moving average price is GBX 388.17 and its 200-day moving average price is GBX 366.08.

Insider Buying and Selling

In other Marks and Spencer Group news, insider Stuart Machin sold 560,402 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of GBX 384, for a total transaction of £2,151,943.68. Corporate insiders own 0.47% of the company’s stock.

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.