Marks and Spencer Group plc (LON:MKS) Stock Has Consensus Price Target of GBX 465.83 According to Analysts

Marks and Spencer Group plc (LON:MKS) has received an average recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 465.83.

Several equities research analysts have recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 480 price objective on shares of Marks and Spencer Group in a research report on Thursday, September 17th. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, November 4th. Citigroup upped their price target on shares of 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 raised their price target on Marks and Spencer Group from GBX 435 to GBX 470 and gave the company a “buy” rating in a research note on Friday, November 6th. Finally, JPMorgan Chase & Co. upgraded Marks and Spencer Group to an “overweight” rating and upped their target price for the stock from GBX 440 to GBX 450 in a report on Tuesday, July 21st.

Marks and Spencer Group Stock Up 0.9%

MKS stock opened at GBX 465.80 on Monday. The company has a debt-to-equity ratio of 108.12, a quick ratio of 0.42 and a current ratio of 0.87. The company has a market cap of £9.64 billion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 0.20 and a beta of 1.00. The business’s 50-day moving average is GBX 401.80 and its two-hundred day moving average is GBX 377.12. Marks and Spencer Group has a fifty-two week low of GBX 301.10 and a fifty-two week high of GBX 466.40.

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.