Berenberg Bank Issues Positive Forecast for Marks and Spencer Group (LON:MKS) Stock Price

Marks and Spencer Group (LON:MKS) had its price objective upped by equities research analysts at Berenberg Bank from GBX 415 to GBX 480 in a research report issued on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the retailer’s stock. Berenberg Bank’s price target indicates a potential upside of 38.53% from the stock’s previous close.

MKS has been the subject of several other research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 price objective on shares of Marks and Spencer Group in a report on Tuesday, March 10th. Citigroup dropped their price objective on shares of Marks and Spencer Group to GBX 430 and set a “buy” rating for the company in a report on Thursday, March 19th. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 425 price objective on shares of Marks and Spencer Group in a report on Monday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 424.29.

Marks and Spencer Group Stock Performance

LON:MKS opened at GBX 346.50 on Thursday. Marks and Spencer Group has a 12-month low of GBX 301.10 and a 12-month high of GBX 411.80. The company has a quick ratio of 0.42, a current ratio of 0.81 and a debt-to-equity ratio of 121.22. The firm has a market capitalization of £7.02 billion, a PE ratio of 385.00, a price-to-earnings-growth ratio of 0.20 and a beta of 1.02. The firm has a 50-day moving average price of GBX 342.76 and a 200 day moving average price of GBX 352.59.

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Marks and Spencer Group had a net margin of 0.13% and a return on equity of 0.69%. The firm had revenue of GBX 1,727.36 billion during the quarter. Research analysts anticipate that Marks and Spencer Group will post 26.0113154 earnings per share for the current fiscal year.

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.