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

Shares of Marks and Spencer Group plc (LON:MKS) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 418.57.

Several analysts have issued reports on the company. Citigroup cut their price objective on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 435 price objective on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Berenberg Bank upped their price objective on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a research note on Thursday, May 21st. UBS Group restated a “buy” rating and set a GBX 425 price objective on shares of Marks and Spencer Group in a research note on Monday, May 18th. Finally, Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, May 20th.

Marks and Spencer Group Trading Down 1.0%

Shares of MKS opened at GBX 368.60 on Friday. The company has a market capitalization of £7.57 billion, a P/E ratio of 29.97, a P/E/G ratio of 0.20 and a beta of 1.03. Marks and Spencer Group has a one year low of GBX 301.10 and a one year high of GBX 411.80. The company has a debt-to-equity ratio of 111.89, a quick ratio of 0.42 and a current ratio of 0.86. The stock has a 50-day moving average price of GBX 348.54 and a 200 day moving average price of GBX 352.55.

Marks and Spencer Group (LON:MKS) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 EPS for the quarter. The firm had revenue of GBX 1,727.36 billion during the quarter. Marks and Spencer Group had a return on equity of 8.86% and a net margin of 1.50%. Sell-side analysts forecast that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.

Insider Transactions at Marks and Spencer Group

In other Marks and Spencer Group news, insider Alison Dolan sold 85,000 shares of the company’s 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. 0.49% of the stock is owned by insiders.

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. 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.