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

Shares of Marks and Spencer Group plc (LON:MKS) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 432.50.

A number of research analysts have commented on the stock. Berenberg Bank raised their price target on shares of Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, July 16th. Citigroup increased their target price on Marks and Spencer Group from GBX 390 to GBX 470 and gave the stock a “buy” rating in a report on Tuesday. UBS Group restated a “buy” rating and set a GBX 425 target price on shares of Marks and Spencer Group in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. upgraded Marks and Spencer Group to an “overweight” rating and raised their target price for the stock from GBX 440 to GBX 450 in a research report on Tuesday, July 21st.

Marks and Spencer Group Price Performance

Shares of Marks and Spencer Group stock opened at GBX 393.70 on Wednesday. The company has a debt-to-equity ratio of 111.89, a quick ratio of 0.42 and a current ratio of 0.86. The firm’s 50-day simple moving average is GBX 384.64 and its 200-day simple moving average is GBX 367.58. Marks and Spencer Group has a twelve month low of GBX 301.10 and a twelve month high of GBX 418.32. The firm has a market cap of £8.09 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 0.20 and a beta of 0.99.

Insider Transactions at Marks and Spencer Group

In other Marks and Spencer Group news, insider Stuart Machin sold 560,402 shares of Marks and Spencer Group 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. 0.48% 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.