Marks and Spencer Group plc (LON:MKS) Stock Has Average Price Target of GBX 432.50

Shares of Marks and Spencer Group plc (LON:MKS) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 432.50.

MKS has been the subject of a number of research analyst reports. Citigroup lifted their target price on Marks and Spencer Group from GBX 390 to GBX 470 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a report on Thursday, August 13th. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, July 16th. JPMorgan Chase & Co. upgraded shares of Marks and Spencer Group to an “overweight” rating and upped their price objective for the company from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 480 price objective on shares of Marks and Spencer Group in a research report on Thursday, September 17th.

Marks and Spencer Group Stock Up 0.9%

Shares of LON:MKS opened at GBX 374.40 on Friday. The company has a market capitalization of £7.75 billion, a price-to-earnings ratio of 30.44, a P/E/G ratio of 0.20 and a beta of 0.98. The company has a debt-to-equity ratio of 111.89, a current ratio of 0.86 and a quick ratio of 0.42. The business’s 50-day moving average is GBX 387.86 and its 200-day moving average is GBX 365.89. Marks and Spencer Group has a 1 year low of GBX 301.10 and a 1 year high of GBX 418.32.

Insiders Place Their Bets

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 transaction of £2,151,943.68. Company insiders own 0.47% 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.