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

Marks and Spencer Group plc (LON:MKS) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 416.43.

Several research analysts have recently weighed in on MKS shares. Citigroup reduced their target price on Marks and Spencer Group to GBX 430 and set a “buy” rating for the company in a research note on Thursday, March 19th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 440 price target on shares of Marks and Spencer Group in a report on Tuesday, March 10th. Berenberg Bank upgraded shares of Marks and Spencer Group to a “buy” rating and upped their price objective for the stock from GBX 412 to GBX 415 in a research report on Thursday, January 8th. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th.

Marks and Spencer Group Stock Performance

LON MKS opened at GBX 325.34 on Friday. The stock has a market capitalization of £6.56 billion, a price-to-earnings ratio of 361.49, a PEG ratio of 0.20 and a beta of 1.04. The stock has a 50-day moving average of GBX 371.54 and a 200 day moving average of GBX 361.62. The company has a current ratio of 0.81, a quick ratio of 0.42 and a debt-to-equity ratio of 121.22. Marks and Spencer Group has a twelve month low of GBX 315.30 and a twelve month high of GBX 417.80.

Insiders Place Their Bets

In related news, insider Stuart Machin sold 150,000 shares of Marks and Spencer Group stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of GBX 404, for a total value of £606,000. Corporate insiders own 0.50% 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.