Marks and Spencer Group’s (MKS) “Buy” Rating Reiterated at Jefferies Financial Group

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 440 target price on the retailer’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 26.73% from the company’s current price.

MKS has been the subject of several other reports. Berenberg Bank increased their target price on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a report on Thursday. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday. UBS Group reissued a “buy” rating and set a GBX 425 price objective on shares of Marks and Spencer Group in a research note on Monday. Finally, Citigroup decreased their target price on shares of Marks and Spencer Group to GBX 430 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Marks and Spencer Group currently has an average rating of “Moderate Buy” and an average target price of GBX 424.29.

Marks and Spencer Group Trading Down 0.4%

Marks and Spencer Group stock traded down GBX 1.30 during mid-day trading 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. 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 stock has a market cap of £7.03 billion, a price-to-earnings ratio of 385.78, a price-to-earnings-growth ratio of 0.20 and a beta of 1.02. The business has a 50 day moving average price of GBX 342.76 and a 200-day moving average price of GBX 352.59. Marks and Spencer Group has a 12 month low of GBX 301.10 and a 12 month high of GBX 411.80.

Marks and Spencer Group (LON:MKS) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. The firm had revenue of GBX 1,727.36 billion for the quarter. Marks and Spencer Group had a return on equity of 0.69% and a net margin of 0.13%. As a group, analysts forecast that Marks and Spencer Group will post 26.0113154 EPS for the current 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.