Marks and Spencer Group plc (LON:MKS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Marks and Spencer Group plc (LON:MKS) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 418.57.

A number of equities research analysts recently commented on the company. UBS Group restated a “buy” rating and set a GBX 425 price target on shares of Marks and Spencer Group in a research report on Monday, May 18th. Citigroup decreased their price target on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating on the stock in a research report on Friday. Berenberg Bank increased their price target on Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a research report on Thursday. Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 440 price target on shares of Marks and Spencer Group in a research report on Thursday.

Marks and Spencer Group Trading Down 1.0%

MKS stock opened at GBX 347.20 on Monday. Marks and Spencer Group has a 1-year low of GBX 301.10 and a 1-year high of GBX 411.80. The firm has a market cap of £7.03 billion, a P/E ratio of 385.78, a P/E/G ratio of 0.20 and a beta of 1.02. The business’s 50 day moving average is GBX 342.36 and its 200-day moving average is GBX 352.21. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89.

Marks and Spencer Group (LON:MKS) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share for the quarter. The company had revenue of GBX 1,727.36 billion for the quarter. Marks and Spencer Group had a return on equity of 8.86% and a net margin of 1.50%. Equities analysts anticipate that Marks and Spencer Group will post 26.0113154 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Alison Dolan sold 85,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of GBX 359, for a total transaction of £305,150. 0.50% of the stock is currently owned by company insiders.

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. We do this through a network of stores and websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year.