JPMorgan Chase & Co. Boosts Marks and Spencer Group (LON:MKS) Price Target to GBX 330

Marks and Spencer Group (LON:MKS) had its price target lifted by JPMorgan Chase & Co. from GBX 260 ($3.29) to GBX 330 ($4.18) in a research report report published on Thursday, MarketBeat Ratings reports. The firm currently has an overweight rating on the retailer’s stock.

Other research analysts also recently issued research reports about the stock. Barclays restated an overweight rating and issued a GBX 300 ($3.80) price target on shares of Marks and Spencer Group in a research report on Tuesday, February 6th. Shore Capital restated a house stock rating on shares of Marks and Spencer Group in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Marks and Spencer Group has an average rating of Moderate Buy and an average target price of GBX 265.83 ($3.36).

Marks and Spencer Group Stock Up 0.3 %

Shares of MKS stock opened at GBX 259.56 ($3.29) on Thursday. Marks and Spencer Group has a 12-month low of GBX 157.20 ($1.99) and a 12-month high of GBX 293.20 ($3.71). The firm has a fifty day moving average of GBX 246.69 and a 200-day moving average of GBX 247.43. The company has a market capitalization of £5.27 billion, a price-to-earnings ratio of 1,293.50, a P/E/G ratio of 3.10 and a beta of 1.57. The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 115.61.

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.