Marks and Spencer Group (LON:MKS) Sets New 1-Year High – Still a Buy?

Shares of Marks and Spencer Group plc (LON:MKS) reached a new 52-week high on Wednesday. The stock traded as high as GBX 431.90 and last traded at GBX 428.51, with a volume of 69,210,227 shares traded. The stock had previously closed at GBX 414.20.

Wall Street Analyst Weigh In

MKS has been the subject of a number of research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 480 price objective on shares of Marks and Spencer Group in a report on Thursday, September 17th. JPMorgan Chase & Co. upgraded Marks and Spencer Group to an “overweight” rating and boosted their target price for the company from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Citigroup boosted their target price on Marks and Spencer Group from GBX 390 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 435 price target on shares of Marks and Spencer Group in a research report on Thursday, August 13th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 437.14.

Marks and Spencer Group Price Performance

The company has a debt-to-equity ratio of 111.89, a quick ratio of 0.42 and a current ratio of 0.86. The company has a fifty day moving average price of GBX 392.46 and a two-hundred day moving average price of GBX 373.67. The company has a market cap of £8.90 billion, a P/E ratio of 34.98, a PEG ratio of 0.20 and a beta of 1.00.

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.