Brokerages Set Marks and Spencer Group plc (LON:MKS) PT at GBX 415.33

Shares of Marks and Spencer Group plc (LON:MKS) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 415.33.

MKS has been the topic of several recent research reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a report on Thursday, November 6th. Peel Hunt reiterated a “hold” rating and issued a GBX 360 price objective on shares of Marks and Spencer Group in a research note on Wednesday, November 5th. Citigroup boosted their price objective on Marks and Spencer Group from GBX 440 to GBX 450 and gave the stock a “buy” rating in a research report on Monday, November 10th. Berenberg Bank raised their target price on shares of Marks and Spencer Group from GBX 406 to GBX 412 and gave the company a “hold” rating in a report on Thursday, November 6th. Finally, Royal Bank Of Canada downgraded shares of Marks and Spencer Group to a “sector perform” rating and lifted their price target for the stock from GBX 375 to GBX 400 in a research note on Monday, October 20th.

Insider Buying and Selling at Marks and Spencer Group

In other news, insider Sean Doyle acquired 2,526 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was acquired at an average cost of GBX 334 per share, with a total value of £8,436.84. Insiders own 0.51% of the company’s stock.

Marks and Spencer Group Price Performance

Marks and Spencer Group stock opened at GBX 322.46 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. Marks and Spencer Group has a 52-week low of GBX 315.30 and a 52-week high of GBX 417.80. The firm has a market cap of £6.50 billion, a PE ratio of 358.28, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company’s 50 day moving average is GBX 356.60 and its two-hundred day moving average is GBX 354.88.

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings data on Wednesday, November 5th. The retailer reported GBX 6.60 earnings per share for the quarter. Marks and Spencer Group had a return on equity of 17.23% and a net margin of 3.77%. On average, research analysts expect that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.

About Marks and Spencer Group

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.