Marks and Spencer Group plc (LON:MKS) Given Average Rating of “Moderate Buy” by Brokerages

Marks and Spencer Group plc (LON:MKS) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 416.43.

MKS has been the topic of a number of analyst reports. 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 Tuesday, March 10th. Citigroup lowered their target price on Marks and Spencer Group to GBX 430 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Monday, May 11th.

Insiders Place Their Bets

In related news, insider Stuart Machin sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of GBX 404, for a total value of £606,000. Company insiders own 0.50% of the company’s stock.

Marks and Spencer Group Price Performance

Shares of Marks and Spencer Group stock opened at GBX 318.30 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.42 and a debt-to-equity ratio of 121.22. The company’s 50-day moving average price is GBX 344.64 and its two-hundred day moving average price is GBX 354.09. Marks and Spencer Group has a 52 week low of GBX 301.10 and a 52 week high of GBX 411.80. The stock has a market cap of £6.45 billion, a PE ratio of 353.67, a price-to-earnings-growth ratio of 0.20 and a beta of 1.02.

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.