Marks and Spencer Group (LON:MKS) Given New GBX 470 Price Target at Citigroup

Marks and Spencer Group (LON:MKS) had its price target lifted by analysts at Citigroup from GBX 390 to GBX 470 in a research report issued on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the retailer’s stock. Citigroup’s price objective would indicate a potential upside of 20.33% from the stock’s current price.

Several other equities analysts have also issued reports on MKS. JPMorgan Chase & Co. raised Marks and Spencer Group to an “overweight” rating and upped their target price for the company from GBX 440 to GBX 450 in a report on Tuesday, July 21st. UBS Group reiterated a “buy” rating and set a GBX 425 price target on shares of Marks and Spencer Group in a report on Monday, May 18th. Berenberg Bank boosted their price objective on Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 target price on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 435 target price on shares of Marks and Spencer Group in a research note on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Marks and Spencer Group has an average rating of “Moderate Buy” and a consensus target price of GBX 432.50.

Marks and Spencer Group Trading Up 1.5%

LON:MKS opened at GBX 390.60 on Tuesday. 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 firm has a market cap of £8.03 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 0.20 and a beta of 0.99. Marks and Spencer Group has a 52 week low of GBX 301.10 and a 52 week high of GBX 418.32. The firm has a 50-day moving average price of GBX 384.26 and a two-hundred day moving average price of GBX 367.54.

Insider Activity at Marks and Spencer Group

In related news, insider Stuart Machin sold 560,402 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of GBX 384, for a total value of £2,151,943.68. Company insiders own 0.48% of the company’s stock.

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.