Marks and Spencer Group plc (LON:MKS) Receives GBX 418.57 Average Target Price from Analysts

Marks and Spencer Group plc (LON:MKS) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 418.57.

Several analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 price objective on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Citigroup lowered their target price on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating for the company in a research note on Friday, May 22nd. UBS Group reissued a “buy” rating and issued a GBX 425 target price on shares of Marks and Spencer Group in a report on Monday, May 18th. Berenberg Bank raised their price target on shares of Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 435 price target on shares of Marks and Spencer Group in a report on Thursday, May 21st.

Marks and Spencer Group Trading Down 1.0%

Shares of MKS stock opened at GBX 367.17 on Tuesday. Marks and Spencer Group has a fifty-two week low of GBX 301.10 and a fifty-two week high of GBX 411.80. The stock’s fifty day moving average price is GBX 356.96 and its two-hundred day moving average price is GBX 358.21. The company has a debt-to-equity ratio of 111.89, a quick ratio of 0.42 and a current ratio of 0.86. The company has a market cap of £7.55 billion, a PE ratio of 29.85, a P/E/G ratio of 0.20 and a beta of 1.01.

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 EPS for the quarter. Marks and Spencer Group had a return on equity of 8.86% and a net margin of 1.50%.The company had revenue of GBX 1,727.36 billion during the quarter. Equities analysts predict that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.

Insider Buying and Selling

In other Marks and Spencer Group news, insider Stuart Machin sold 560,402 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were 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 the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of GBX 359, for a total transaction of £305,150. Company insiders own 0.45% 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.