Analysts Set Marks and Spencer Group plc (LON:MKS) Price Target at GBX 415.83

Shares of Marks and Spencer Group plc (LON:MKS) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 415.83.

A number of research analysts have recently commented on the stock. Berenberg Bank upgraded shares of Marks and Spencer Group to a “buy” rating and boosted their price target for the company from GBX 412 to GBX 415 in a research report on Thursday, January 8th. Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, November 5th. UBS Group reiterated a “buy” rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a report on Friday, November 7th. Citigroup boosted their target price on shares of Marks and Spencer Group from GBX 440 to GBX 450 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a report on Friday, January 9th.

Marks and Spencer Group Stock Performance

LON:MKS opened at GBX 363.89 on Tuesday. The company has a market capitalization of £7.34 billion, a P/E ratio of 404.32, 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 current ratio of 0.82 and a quick ratio of 0.42. The business has a fifty day simple moving average of GBX 337.51 and a two-hundred day simple moving average of GBX 351.94. Marks and Spencer Group has a 1 year low of GBX 315.30 and a 1 year high of GBX 417.80.

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

Insider Buying and Selling

In related news, insider Sean Doyle bought 2,526 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average cost of GBX 334 per share, for a total transaction of £8,436.84. Company 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.