Marks and Spencer Group plc (LON:MKS) Receives GBX 415.33 Consensus Price Target from Analysts

Shares of Marks and Spencer Group plc (LON:MKS) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 415.33.

MKS has been the topic of a number of recent research reports. Peel Hunt reissued a “hold” rating and set a GBX 360 target price on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. Citigroup upped their price objective on shares of Marks and Spencer Group from GBX 440 to GBX 450 and gave the company a “buy” rating in a research report on Monday, November 10th. UBS Group restated a “buy” rating and set a GBX 435 target price on shares of Marks and Spencer Group in a research note on Friday, November 7th. Royal Bank Of Canada cut Marks and Spencer Group to a “sector perform” rating and boosted their price target for the stock from GBX 375 to GBX 400 in a research note on Monday, October 20th. Finally, Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, November 5th.

Marks and Spencer Group Trading Up 0.2%

Shares of MKS opened at GBX 322.80 on Friday. Marks and Spencer Group has a 12 month low of GBX 315.30 and a 12 month high of GBX 417.80. The stock’s 50-day moving average is GBX 359.62 and its two-hundred day moving average is GBX 355.34. The company has a debt-to-equity ratio of 95.00, a current ratio of 0.82 and a quick ratio of 0.42. The stock has a market cap of £6.51 billion, a PE ratio of 358.67, a P/E/G ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group (LON:MKS) last announced its earnings results on Wednesday, November 5th. The retailer reported GBX 6.60 EPS for the quarter. Marks and Spencer Group had a return on equity of 17.23% and a net margin of 3.77%. Equities 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 related news, insider Sean Doyle purchased 2,526 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was acquired at an average price of GBX 334 per share, with a total value of £8,436.84. Insiders own 0.51% of the company’s stock.

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.