Analysts Set Marks and Spencer Group plc (LON:MKS) Price Target at GBX 415.83

Shares of Marks and Spencer Group plc (LON:MKS) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 415.83.

Several brokerages have weighed in on MKS. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. UBS Group reissued a “buy” rating and issued a GBX 435 target price on shares of Marks and Spencer Group in a research note on Friday, November 7th. Peel Hunt restated a “hold” rating and set a GBX 360 price target on shares of Marks and Spencer Group in a report on Wednesday, November 5th. Berenberg Bank raised Marks and Spencer Group to a “buy” rating and upped their price target for the company from GBX 412 to GBX 415 in a research report on Thursday, January 8th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, February 5th.

Marks and Spencer Group Stock Up 0.4%

Shares of Marks and Spencer Group stock opened at GBX 399.10 on Friday. The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82. Marks and Spencer Group has a 52-week low of GBX 296.65 and a 52-week high of GBX 417.80. The stock has a market capitalization of £8.05 billion, a price-to-earnings ratio of 443.44, a P/E/G ratio of 0.20 and a beta of 1.62. The company’s 50 day moving average price is GBX 348.63 and its 200-day moving average price is GBX 356.68.

Insiders Place Their Bets

In related news, insider Sean Doyle purchased 2,526 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average price of GBX 334 per share, for a total transaction of £8,436.84. 0.51% of the stock is currently owned by company insiders.

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.