UBS Group Reiterates Buy Rating for Marks and Spencer Group (LON:MKS)

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reiterated by stock analysts at UBS Group in a report issued on Monday,Digital Look reports. They presently have a GBX 425 target price on the retailer’s stock. UBS Group’s price objective would suggest a potential upside of 32.21% from the company’s previous close.

MKS has been the topic of a number of other research reports. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a report on Monday, May 11th. Citigroup dropped their target price on Marks and Spencer Group to GBX 430 and set a “buy” rating on the stock in a report on Thursday, March 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 price target on shares of Marks and Spencer Group in a report on Tuesday, March 10th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 415.

Marks and Spencer Group Stock Up 0.4%

MKS stock opened at GBX 321.46 on Monday. The company has a market cap of £6.51 billion, a price-to-earnings ratio of 357.18, a price-to-earnings-growth ratio of 0.20 and a beta of 1.02. The company has a fifty day moving average price of GBX 344.64 and a 200 day moving average price of GBX 354.09. The company has a debt-to-equity ratio of 121.22, a current ratio of 0.81 and a quick ratio of 0.42. Marks and Spencer Group has a 12 month low of GBX 301.10 and a 12 month high of GBX 411.80.

Insider Activity at Marks and Spencer Group

In other news, insider Stuart Machin sold 150,000 shares of the firm’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. 0.50% of the stock is owned by corporate insiders.

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.