Marks and Spencer Group plc (LON:MKS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Marks and Spencer Group plc (LON:MKS) has earned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 415.83.

A number of research firms recently commented on MKS. Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. UBS Group restated a “buy” rating and issued a GBX 435 target price on shares of Marks and Spencer Group in a report on Friday, November 7th. Royal Bank Of Canada downgraded shares of Marks and Spencer Group to a “sector perform” rating and lifted their price target for the stock from GBX 375 to GBX 400 in a report on Monday, October 20th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday. Finally, Peel Hunt reissued a “hold” rating and set a GBX 360 price objective on shares of Marks and Spencer Group in a research note on Wednesday, November 5th.

Insiders Place Their Bets

In other Marks and Spencer Group news, insider Sean Doyle purchased 2,526 shares of Marks and Spencer Group stock in a transaction on Wednesday, December 3rd. The shares were bought at an average price of GBX 334 per share, with a total value of £8,436.84. Company insiders own 0.51% of the company’s stock.

Marks and Spencer Group Price Performance

MKS stock opened at GBX 344.42 on Tuesday. Marks and Spencer Group has a 1 year low of GBX 315.30 and a 1 year high of GBX 417.80. The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82. The stock’s 50 day moving average price is GBX 339.56 and its 200 day moving average price is GBX 351.91. The firm has a market cap of £6.95 billion, a P/E ratio of 382.69, a PEG ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group (LON:MKS) last released its quarterly earnings results on Wednesday, November 5th. The retailer reported GBX 6.60 earnings per share for the quarter. Marks and Spencer Group had a return on equity of 17.23% and a net margin of 3.77%. On average, sell-side analysts expect that Marks and Spencer Group will post 26.0113154 earnings per share for the current fiscal 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.