Analysts Set Marks and Spencer Group plc (LON:MKS) Target Price at GBX 416.43

Shares of Marks and Spencer Group plc (LON:MKS) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 416.43.

MKS has been the subject of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 440 price objective on shares of Marks and Spencer Group in a research note on Tuesday, March 10th. Citigroup dropped their target price on Marks and Spencer Group to GBX 430 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, February 5th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, January 9th. Finally, Berenberg Bank raised Marks and Spencer Group to a “buy” rating and raised their price objective for the company from GBX 412 to GBX 415 in a research report on Thursday, January 8th.

Marks and Spencer Group Price Performance

Shares of Marks and Spencer Group stock opened at GBX 353.40 on Friday. Marks and Spencer Group has a one year low of GBX 315.30 and a one year high of GBX 417.80. The company has a debt-to-equity ratio of 121.22, a current ratio of 0.81 and a quick ratio of 0.42. The stock has a market capitalization of £7.13 billion, a P/E ratio of 392.67, a price-to-earnings-growth ratio of 0.20 and a beta of 1.04. The business’s 50 day simple moving average is GBX 370.12 and its two-hundred day simple moving average is GBX 361.55.

Insider Buying and Selling

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