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

Marks and Spencer Group plc (LON:MKS) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 415.83.

A number of research firms recently weighed in on MKS. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, January 9th. Peel Hunt restated a “hold” rating and issued a GBX 360 price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. Berenberg Bank upgraded Marks and Spencer Group to a “buy” rating and increased their target price for the stock from GBX 412 to GBX 415 in a research report on Thursday, January 8th. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday. Finally, UBS Group restated a “buy” rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a research note on Friday, November 7th.

Marks and Spencer Group Price Performance

LON MKS opened at GBX 386.40 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.42 and a debt-to-equity ratio of 95.00. Marks and Spencer Group has a 12 month low of GBX 315.30 and a 12 month high of GBX 417.80. The stock has a market cap of £7.79 billion, a price-to-earnings ratio of 429.33, a PEG ratio of 0.20 and a beta of 1.62. The company’s 50 day moving average is GBX 343.45 and its two-hundred day moving average is GBX 355.29.

Marks and Spencer Group (LON:MKS) last posted 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 net margin of 3.77% and a return on equity of 17.23%. As a group, research analysts anticipate that Marks and Spencer Group will post 26.0113154 earnings per share for the current year.

Insider Buying and Selling at Marks and Spencer Group

In related news, insider Sean Doyle bought 2,526 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was bought at an average cost of GBX 334 per share, with a total value of £8,436.84. Corporate insiders own 0.51% of the company’s stock.

Marks and Spencer Group Company Profile

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.