Marks and Spencer Group (LON:MKS) Given “Overweight” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Marks and Spencer Group (LON:MKS) in a report issued on Friday, MarketBeat.com reports.

MKS has been the topic of a number of other research reports. Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, November 5th. Berenberg Bank lifted their price objective on Marks and Spencer Group from GBX 406 to GBX 412 and gave the company a “hold” rating in a research note on Thursday, November 6th. Royal Bank Of Canada cut Marks and Spencer Group to a “sector perform” rating and boosted their target price for the stock from GBX 375 to GBX 400 in a report on Monday, October 20th. UBS Group reissued a “buy” rating and set a GBX 435 target price on shares of Marks and Spencer Group in a research report on Friday, November 7th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 360 price target on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Marks and Spencer Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 415.83.

Marks and Spencer Group Price Performance

MKS opened at GBX 353 on Friday. Marks and Spencer Group has a 1 year low of GBX 315.30 and a 1 year high of GBX 417.80. The company’s 50 day simple moving average is GBX 340.45 and its 200 day simple moving average is GBX 352.02. The stock has a market capitalization of £7.12 billion, a PE ratio of 392.22, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82.

Marks and Spencer Group (LON:MKS) last issued its quarterly earnings results on Wednesday, November 5th. The retailer reported GBX 6.60 EPS for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. As a group, sell-side analysts expect that Marks and Spencer Group will post 26.0113154 EPS for the current year.

Insider Activity at Marks and Spencer Group

In related news, insider Sean Doyle bought 2,526 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average cost of GBX 334 per share, for a total transaction 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.