Marks and Spencer Group (LON:MKS) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating restated by Jefferies Financial Group in a report released on Thursday, Digital Look reports. They presently have a GBX 500 price objective on the retailer’s stock. Jefferies Financial Group‘s price objective indicates a potential upside of 10.94% from the stock’s previous close.

MKS has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a research note on Thursday, August 13th. JPMorgan Chase & Co. raised shares of Marks and Spencer Group to an “overweight” rating and boosted their target price for the company from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Berenberg Bank restated a “buy” rating and issued a GBX 480 target price on shares of Marks and Spencer Group in a report on Thursday, September 17th. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday. Finally, Citigroup raised their target price on Marks and Spencer Group from GBX 390 to GBX 470 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Six research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Marks and Spencer Group presently has an average rating of “Buy” and an average target price of GBX 460.

Marks and Spencer Group Trading Up 2.3%

Shares of MKS stock traded up GBX 10 during trading hours on Thursday, reaching GBX 450.70. 91,356,781 shares of the stock traded hands, compared to its average volume of 37,380,402. Marks and Spencer Group has a 1-year low of GBX 301.10 and a 1-year high of GBX 451.60. The business has a fifty day moving average price of GBX 393.48 and a 200 day moving average price of GBX 374.06. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89. The firm has a market capitalization of £9.32 billion, a PE ratio of 36.64, a PEG ratio of 0.20 and a beta of 1.00.

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.