Marks and Spencer Group plc (LON:MKS – Get Free Report) shares reached a new 52-week high on Tuesday. The company traded as high as GBX 453.10 and last traded at GBX 452.50, with a volume of 9,295,127 shares traded. The stock had previously closed at GBX 437.60.
Analyst Ratings Changes
Several equities analysts recently commented on MKS shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Marks and Spencer Group from GBX 435 to GBX 470 and gave the company a “buy” rating in a research note on Friday. Berenberg Bank reissued a “buy” rating and issued a GBX 480 price objective on shares of Marks and Spencer Group in a report on Thursday, September 17th. Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, November 4th. JPMorgan Chase & Co. raised shares of Marks and Spencer Group to an “overweight” rating and raised their target price for the stock from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 500 target price on shares of Marks and Spencer Group in a report on Thursday, November 5th. Six investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 465.83.
Read Our Latest Analysis on MKS
Marks and Spencer Group Price Performance
The company’s 50-day moving average is GBX 396.17 and its 200-day moving average is GBX 375.18. The firm has a market cap of £9.40 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 0.20 and a beta of 1.00. The company has a current ratio of 0.87, a quick ratio of 0.42 and a debt-to-equity ratio of 108.12.
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.
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