Marks and Spencer Group plc (LON:MKS) Stock Has Average Price Target of GBX 432.50

Marks and Spencer Group plc (LON:MKS) has received an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 432.50.

Several brokerages have recently weighed in on MKS. Citigroup upped their target price on Marks and Spencer Group from GBX 390 to GBX 470 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. upgraded shares of Marks and Spencer Group to an “overweight” rating and upped their price objective for the stock from GBX 440 to GBX 450 in a research report on Tuesday, July 21st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 480 price objective on shares of Marks and Spencer Group in a report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 435 target price on shares of Marks and Spencer Group in a research report on Thursday, August 13th. Finally, Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, July 16th.

Marks and Spencer Group Stock Performance

Shares of MKS stock opened at GBX 374.50 on Friday. The company has a market capitalization of £7.75 billion, a P/E ratio of 30.45, a P/E/G ratio of 0.20 and a beta of 0.98. The business’s 50 day moving average is GBX 387.77 and its two-hundred day moving average is GBX 365.95. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89. Marks and Spencer Group has a 12-month low of GBX 301.10 and a 12-month high of GBX 418.32.

Insider Buying and Selling

In related news, insider Stuart Machin sold 560,402 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of GBX 384, for a total value of £2,151,943.68. Company insiders own 0.47% of the company’s stock.

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.