Marks and Spencer Group (LON:MKS) Earns Hold Rating from Peel Hunt

Marks and Spencer Group (LON:MKS)‘s stock had its “hold” rating reaffirmed by investment analysts at Peel Hunt in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 360 price target on the retailer’s stock. Peel Hunt’s price target would suggest a potential downside of 7.64% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Citigroup raised Marks and Spencer Group to a “buy” rating and boosted their target price for the stock from GBX 380 to GBX 440 in a research report on Monday, September 8th. Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Marks and Spencer Group from GBX 450 to GBX 435 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Berenberg Bank reissued a “hold” rating and set a GBX 406 target price on shares of Marks and Spencer Group in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada lowered Marks and Spencer Group to a “sector perform” rating and increased their target price for the company from GBX 375 to GBX 400 in a report on Monday, October 20th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 408.20.

Marks and Spencer Group Stock Performance

Shares of MKS opened at GBX 389.80 on Wednesday. The company has a debt-to-equity ratio of 95.00, a current ratio of 0.82 and a quick ratio of 0.42. The firm’s 50 day moving average is GBX 371.09 and its 200-day moving average is GBX 363.29. Marks and Spencer Group has a 12-month low of GBX 319.20 and a 12-month high of GBX 417.80. The stock has a market capitalization of £7.86 billion, a P/E ratio of 27.84, a P/E/G ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group (LON:MKS) last issued its earnings results on Wednesday, November 5th. The retailer reported GBX 6.60 earnings per share for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. Equities research analysts anticipate that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.

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.