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

Marks and Spencer Group plc (LON:MKS) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 418.57.

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 435 target price on shares of Marks and Spencer Group in a report on Thursday, May 21st. UBS Group reiterated a “buy” rating and issued a GBX 425 price objective on shares of Marks and Spencer Group in a research note on Monday, May 18th. Citigroup lowered their price objective on shares of Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 440 price target on shares of Marks and Spencer Group in a research report on Thursday, May 21st.

Insider Buying and Selling

In related news, insider Alison Dolan sold 85,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of GBX 359, for a total value of £305,150. Corporate insiders own 0.49% of the company’s stock.

Marks and Spencer Group Price Performance

LON MKS opened at GBX 365.60 on Friday. The business’s fifty day moving average price is GBX 347.16 and its 200-day moving average price is GBX 351.64. The stock has a market capitalization of £7.51 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 0.20 and a beta of 1.03. The company has a debt-to-equity ratio of 111.89, a current ratio of 0.86 and a quick ratio of 0.42. Marks and Spencer Group has a 1-year low of GBX 301.10 and a 1-year high of GBX 411.80.

Marks and Spencer Group (LON:MKS) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share for the quarter. Marks and Spencer Group had a return on equity of 8.86% and a net margin of 1.50%.The firm had revenue of GBX 1,727.36 billion for the quarter. On average, equities analysts predict that Marks and Spencer Group will post 26.0113154 earnings per share for the current 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.