Marks and Spencer Group (LON:MKS) Given “Overweight” Rating at JPMorgan Chase & Co.

Marks and Spencer Group (LON:MKS)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued to investors on Friday,Digital Look reports.

A number of other equities analysts also recently commented on MKS. Royal Bank Of Canada downgraded shares of Marks and Spencer Group to a “sector perform” rating and boosted their target price for the stock from GBX 375 to GBX 400 in a research note on Monday, October 20th. UBS Group reaffirmed a “buy” rating and set a GBX 435 price target on shares of Marks and Spencer Group in a report on Friday, November 7th. Berenberg Bank upped their price objective on Marks and Spencer Group from GBX 406 to GBX 412 and gave the stock a “hold” rating in a research report on Thursday, November 6th. Peel Hunt reissued a “hold” rating and set a GBX 360 target price on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. Finally, Citigroup boosted their target price on Marks and Spencer Group from GBX 440 to GBX 450 and gave the stock a “buy” rating in a research note on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Marks and Spencer Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 415.83.

Marks and Spencer Group Stock Up 2.4%

Shares of MKS traded up GBX 8.20 during midday trading on Friday, hitting GBX 353. The company had a trading volume of 14,196,066 shares, compared to its average volume of 61,994,234. Marks and Spencer Group has a 1 year low of GBX 315.30 and a 1 year high of GBX 417.80. The firm has a market capitalization of £7.12 billion, a P/E ratio of 392.22, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82. The company’s 50-day simple moving average is GBX 341.34 and its 200-day simple moving average is GBX 352.03.

Marks and Spencer Group (LON:MKS) last issued its earnings results on Wednesday, November 5th. The retailer reported GBX 6.60 earnings per share for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. As a group, sell-side analysts expect that Marks and Spencer Group will post 26.0113154 EPS for the current year.

Insider Transactions at Marks and Spencer Group

In other news, insider Sean Doyle purchased 2,526 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were bought at an average price of GBX 334 per share, with a total value of £8,436.84. 0.51% of the stock is owned by corporate 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.