Marks and Spencer Group’s (MKS) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 435 price target on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 11.68% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. raised Marks and Spencer Group to an “overweight” rating and lifted their target price for the stock from GBX 440 to GBX 450 in a research report on Tuesday, July 21st. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, July 16th. Citigroup reduced their price objective on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating for the company in a research report on Friday, May 22nd. Berenberg Bank lifted their price objective on Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, UBS Group restated a “buy” rating and set a GBX 425 price objective on shares of Marks and Spencer Group in a research report on Monday, May 18th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Marks and Spencer Group presently has an average rating of “Moderate Buy” and an average target price of GBX 422.50.

Marks and Spencer Group Price Performance

Shares of Marks and Spencer Group stock opened at GBX 389.50 on Thursday. The company has a debt-to-equity ratio of 111.89, a current ratio of 0.86 and a quick ratio of 0.42. Marks and Spencer Group has a fifty-two week low of GBX 301.10 and a fifty-two week high of GBX 418.32. The firm has a fifty day moving average price of GBX 381.34 and a two-hundred day moving average price of GBX 366.57. The company has a market cap of £8.01 billion, a PE ratio of 31.67, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. The company had revenue of GBX 1,727.36 billion for the quarter. Analysts expect that Marks and Spencer Group will post 26.0113154 EPS for the current year.

Insider Activity

In related news, insider Stuart Machin sold 560,402 shares of the stock in a transaction dated 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 firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of GBX 359, for a total transaction of £305,150. 0.48% of the stock is currently owned by insiders.

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.