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

Marks and Spencer Group plc (LON:MKS) has received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 418.57.

A number of research analysts have weighed in on MKS shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 price target on shares of Marks and Spencer Group in a research report on Thursday, May 21st. UBS Group reissued a “buy” rating and issued a GBX 425 price objective on shares of Marks and Spencer Group in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 435 target price on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Berenberg Bank upped their price target on shares of 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. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, May 20th.

Marks and Spencer Group Trading Down 0.2%

Shares of Marks and Spencer Group stock traded down GBX 0.91 during trading hours on Tuesday, reaching GBX 383.09. The stock had a trading volume of 1,370,550,125 shares, compared to its average volume of 52,807,129. The firm has a 50 day simple moving average of GBX 352.55 and a two-hundred day simple moving average of GBX 356.44. The firm has a market capitalization of £7.87 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 0.20 and a beta of 1.01. 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 has a 1 year low of GBX 301.10 and a 1 year high of GBX 411.80.

Marks and Spencer Group (LON:MKS) last issued its earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. The business 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%. As a group, equities research analysts anticipate that Marks and Spencer Group will post 26.0113154 earnings per share for the current year.

Insider Activity at Marks and Spencer Group

In related news, insider Alison Dolan sold 85,000 shares of the business’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. Insiders own 0.49% 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.