Marks and Spencer Group’s (MKS) “House Stock” Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their house stock rating on shares of Marks and Spencer Group (LON:MKS) in a research report report published on Thursday, MarketBeat reports.

MKS has been the subject of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 440 target price on shares of Marks and Spencer Group in a research note on Thursday, May 21st. UBS Group restated a “buy” rating and set a GBX 425 price target on shares of Marks and Spencer Group in a research report on Monday, May 18th. Berenberg Bank raised their price target on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Finally, Citigroup reduced their price objective on 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. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 418.57.

Marks and Spencer Group Trading Down 1.1%

Shares of MKS stock opened at GBX 379.10 on Thursday. Marks and Spencer Group has a 12-month low of GBX 301.10 and a 12-month high of GBX 411.80. The company has a market capitalization of £7.79 billion, a P/E ratio of 30.82, a P/E/G ratio of 0.20 and a beta of 1.01. The firm has a 50-day moving average price of GBX 360.72 and a 200 day moving average price of GBX 359.47. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89.

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

Insider Buying and Selling at Marks and Spencer Group

In other Marks and Spencer Group news, insider Stuart Machin sold 560,402 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of GBX 384, for a total value of £2,151,943.68. Also, insider Alison Dolan sold 85,000 shares of Marks and Spencer Group stock in a transaction on Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total value of £305,150. 0.45% of the stock is currently owned by corporate insiders.

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.