Marks and Spencer Group’s (MKS) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Marks and Spencer Group (LON:MKS) in a report released on Tuesday, MarketBeat.com reports. They currently have a GBX 440 target price on the retailer’s stock.

Other equities research analysts have also issued reports about the stock. Citigroup boosted their price objective on shares of Marks and Spencer Group from GBX 440 to GBX 450 and gave the stock a “buy” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, February 5th. Finally, Berenberg Bank upgraded shares of Marks and Spencer Group to a “buy” rating and increased their price target for the company from GBX 412 to GBX 415 in a research report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Marks and Spencer Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 419.29.

Marks and Spencer Group Stock Up 1.3%

Marks and Spencer Group stock opened at GBX 363.40 on Tuesday. The company has a debt-to-equity ratio of 121.22, a quick ratio of 0.42 and a current ratio of 0.81. The firm has a market capitalization of £7.33 billion, a price-to-earnings ratio of 403.78, a price-to-earnings-growth ratio of 0.20 and a beta of 1.04. Marks and Spencer Group has a fifty-two week low of GBX 315.30 and a fifty-two week high of GBX 417.80. The stock’s fifty day moving average is GBX 371.77 and its two-hundred day moving average is GBX 361.86.

Insiders Place Their Bets

In other Marks and Spencer Group news, insider Stuart Machin sold 150,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of GBX 404, for a total value of £606,000. Insiders own 0.50% 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.