Marks and Spencer Group (MKS) Earns Buy Rating from Peel Hunt
Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also weighed in on MKS. JPMorgan Chase & Co. cut their target price on Marks and Spencer Group from GBX 285 ($3.72) to GBX 250 ($3.27) and set an “underweight” rating on the stock in a research note on Thursday, January 24th. Liberum Capital reissued a “sell” rating on shares of Marks and Spencer Group in a research note on Monday, February 4th. Barclays cut their target price on Marks and Spencer Group from GBX 370 ($4.83) to GBX 335 ($4.38) and set an “overweight” rating on the stock in a research note on Tuesday, March 5th. Royal Bank of Canada cut their target price on Marks and Spencer Group from GBX 300 ($3.92) to GBX 270 ($3.53) and set a “sector performer” rating on the stock in a research note on Monday, March 11th. Finally, Societe Generale cut their target price on Marks and Spencer Group from GBX 301 ($3.93) to GBX 230 ($3.01) and set a “sell” rating on the stock in a research note on Tuesday, April 9th. Seven equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 275.38 ($3.60).
LON:MKS opened at GBX 259.20 ($3.39) on Wednesday. Marks and Spencer Group has a 1-year low of GBX 240 ($3.14) and a 1-year high of GBX 316.60 ($4.14). The company has a current ratio of 0.73, a quick ratio of 0.26 and a debt-to-equity ratio of 62.77. The stock has a market capitalization of $4.40 billion and a price-to-earnings ratio of 144.00.
Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.
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