Marks and Spencer Group (LON:MKS) Upgraded at Jefferies Financial Group

Marks and Spencer Group (LON:MKS) was upgraded by equities researchers at Jefferies Financial Group to a “buy” rating in a note issued to investors on Monday, Digital Look reports. The brokerage presently has a GBX 310 ($3.86) price objective on the retailer’s stock. Jefferies Financial Group’s price target suggests a potential upside of 20.69% from the stock’s previous close.

A number of other research analysts also recently commented on MKS. Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, April 11th. Barclays restated an “overweight” rating and issued a GBX 300 ($3.73) price target on shares of Marks and Spencer Group in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their price target on Marks and Spencer Group from GBX 260 ($3.24) to GBX 330 ($4.11) and gave the stock an “overweight” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Marks and Spencer Group has a consensus rating of “Moderate Buy” and an average price target of GBX 290.83 ($3.62).

Marks and Spencer Group Price Performance

MKS stock traded up GBX 11.06 ($0.14) during trading on Monday, hitting GBX 256.86 ($3.20). The stock had a trading volume of 8,019,646 shares, compared to its average volume of 9,486,688. Marks and Spencer Group has a 1-year low of GBX 157.20 ($1.96) and a 1-year high of GBX 293.20 ($3.65). The company’s 50 day moving average price is GBX 247.85 and its two-hundred day moving average price is GBX 248.34. The company has a debt-to-equity ratio of 115.61, a quick ratio of 0.42 and a current ratio of 0.80. The stock has a market cap of £5.21 billion, a price-to-earnings ratio of 1,283.00, a price-to-earnings-growth ratio of 3.10 and a beta of 1.57.

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.