Marks and Spencer Group (LON:MKS) Price Target Cut to GBX 390 by Analysts at Citigroup

Marks and Spencer Group (LON:MKS) had its price objective cut by equities researchers at Citigroup from GBX 410 to GBX 390 in a research note issued to investors on Friday,Digital Look reports. The brokerage presently has a “buy” rating on the retailer’s stock. Citigroup’s price objective suggests a potential upside of 8.18% from the stock’s current price.

Several other research firms have also recently issued reports on MKS. Berenberg Bank raised their target price on Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a research note on Thursday. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday. UBS Group restated a “buy” rating and issued a GBX 425 price objective on shares of Marks and Spencer Group in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a report on Thursday. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 440 price target on shares of Marks and Spencer Group in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Marks and Spencer Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 418.57.

Marks and Spencer Group Stock Up 2.8%

Shares of MKS opened at GBX 360.50 on Friday. Marks and Spencer Group has a 52-week low of GBX 301.10 and a 52-week high of GBX 411.80. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89. The stock has a fifty day simple moving average of GBX 342.59 and a two-hundred day simple moving average of GBX 352.25. The company has a market capitalization of £7.30 billion, a PE ratio of 400.56, a price-to-earnings-growth ratio of 0.20 and a beta of 1.24.

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. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. The firm had revenue of GBX 1,727.36 billion during the quarter. As a group, equities 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.