Jefferies Financial Group Cuts Marks and Spencer Group (LON:MKS) Price Target to GBX 207
Marks and Spencer Group (LON:MKS) had its price target trimmed by Jefferies Financial Group from GBX 255 ($3.35) to GBX 207 ($2.72) in a research note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage currently has a hold rating on the retailer’s stock.
Several other equities research analysts have also commented on MKS. Goldman Sachs Group upgraded shares of Marks and Spencer Group to a buy rating and boosted their price objective for the stock from GBX 170 ($2.24) to GBX 220 ($2.89) in a research report on Monday. Peel Hunt downgraded shares of Marks and Spencer Group to a hold rating and dropped their target price for the company from GBX 300 ($3.95) to GBX 200 ($2.63) in a report on Wednesday, October 2nd. Barclays cut their target price on shares of Marks and Spencer Group from GBX 290 ($3.81) to GBX 265 ($3.49) and set an overweight rating for the company in a research report on Friday, November 15th. Berenberg Bank reduced their price target on shares of Marks and Spencer Group from GBX 250 ($3.29) to GBX 160 ($2.10) and set a sell rating on the stock in a report on Monday, September 30th. Finally, HSBC increased their price target on shares of Marks and Spencer Group from GBX 150 ($1.97) to GBX 155 ($2.04) and gave the company a reduce rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 212 ($2.79).
Shares of MKS stock opened at GBX 205.30 ($2.70) on Tuesday. The stock has a market cap of $4.02 billion and a P/E ratio of 41.06. The company has a quick ratio of 0.34, a current ratio of 0.74 and a debt-to-equity ratio of 145.15. Marks and Spencer Group has a fifty-two week low of GBX 161.35 ($2.12) and a fifty-two week high of GBX 306.20 ($4.03). The business has a fifty day simple moving average of GBX 188.85 and a 200-day simple moving average of GBX 200.43.
In other news, insider Archie Norman acquired 55,000 shares of Marks and Spencer Group stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average price of GBX 180 ($2.37) per share, with a total value of £99,000 ($130,228.89).
Marks and Spencer Group Company Profile
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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