Marks and Spencer Group’s (MKS) “Reduce” Rating Reiterated at Numis Securities

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Numis Securities restated their reduce rating on shares of Marks and Spencer Group (LON:MKS) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.

MKS has been the subject of several other research reports. Jefferies Financial Group downgraded shares of Marks and Spencer Group to a hold rating and reduced their price objective for the stock from GBX 310 ($4.05) to GBX 280 ($3.66) in a report on Tuesday, April 9th. Credit Suisse Group downgraded shares of Marks and Spencer Group to an underperform rating and reduced their price objective for the stock from GBX 315 ($4.12) to GBX 250 ($3.27) in a report on Thursday, April 11th. Societe Generale reduced their price objective on shares of Marks and Spencer Group from GBX 301 ($3.93) to GBX 230 ($3.01) and set a sell rating for the company in a report on Tuesday, April 9th. Barclays reduced their price objective on shares of Marks and Spencer Group from GBX 370 ($4.83) to GBX 335 ($4.38) and set an overweight rating for the company in a report on Tuesday, March 5th. Finally, Peel Hunt reiterated a buy rating on shares of Marks and Spencer Group in a research report on Wednesday, February 27th. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 275.38 ($3.60).

MKS stock opened at GBX 266.10 ($3.48) on Thursday. The stock has a market capitalization of $4.35 billion and a P/E ratio of 147.83. Marks and Spencer Group has a fifty-two week low of GBX 240 ($3.14) and a fifty-two week high of GBX 316.60 ($4.14). The company has a debt-to-equity ratio of 62.77, a current ratio of 0.73 and a quick ratio of 0.26.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.

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Analyst Recommendations for Marks and Spencer Group (LON:MKS)

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