Marks and Spencer Group plc (LON:MKS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Marks and Spencer Group plc (LON:MKS) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 408.20.

MKS has been the topic of several research reports. Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday. Berenberg Bank reaffirmed a “hold” rating and set a GBX 406 price target on shares of Marks and Spencer Group in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marks and Spencer Group from GBX 450 to GBX 435 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Peel Hunt reaffirmed a “hold” rating and set a GBX 360 price target on shares of Marks and Spencer Group in a report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marks and Spencer Group in a report on Tuesday, October 7th.

Marks and Spencer Group Trading Up 2.6%

Shares of Marks and Spencer Group stock opened at GBX 395.20 on Thursday. The company has a market capitalization of £7.97 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 0.20 and a beta of 1.62. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. Marks and Spencer Group has a 12-month low of GBX 319.20 and a 12-month high of GBX 417.80. The firm’s 50-day moving average price is GBX 371.82 and its two-hundred day moving average price is GBX 363.47.

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

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.