Marks and Spencer Group (LON:MKS) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating restated by Deutsche Bank Aktiengesellschaft in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 435 price objective on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 25.29% from the stock’s previous close.

MKS has been the topic of a number of other research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 440 price objective on shares of Marks and Spencer Group in a research report on Thursday. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday. Berenberg Bank increased their price target on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a report on Thursday. UBS Group restated a “buy” rating and issued a GBX 425 price target on shares of Marks and Spencer Group in a research note on Monday. Finally, Citigroup cut their price objective on Marks and Spencer Group to GBX 430 and set a “buy” rating for the company in a report on Thursday, March 19th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 424.29.

Marks and Spencer Group Stock Performance

LON MKS traded down GBX 1.30 during trading hours on Thursday, hitting GBX 347.20. The company’s stock had a trading volume of 134,192,266 shares, compared to its average volume of 42,304,707. Marks and Spencer Group has a 12 month low of GBX 301.10 and a 12 month high of GBX 411.80. The company’s 50 day simple moving average is GBX 342.76 and its two-hundred day simple moving average is GBX 352.59. The company has a debt-to-equity ratio of 121.22, a current ratio of 0.81 and a quick ratio of 0.42. The company has a market cap of £7.03 billion, a P/E ratio of 385.78, a price-to-earnings-growth ratio of 0.20 and a beta of 1.02.

Marks and Spencer Group (LON:MKS) last posted its earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. The business had revenue of GBX 1,727.36 billion for the quarter. Marks and Spencer Group had a net margin of 0.13% and a return on equity of 0.69%. As a group, sell-side analysts expect that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.

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.