Marks and Spencer Group (LON:MKS) Sets New 52-Week High – What’s Next?

Shares of Marks and Spencer Group plc (LON:MKS) hit a new 52-week high during trading on Monday. The stock traded as high as GBX 419 and last traded at GBX 418.82, with a volume of 176,483,344 shares. The stock had previously closed at GBX 410.60.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MKS shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a report on Thursday, August 13th. Berenberg Bank reissued a “buy” rating and set a GBX 480 price objective on shares of Marks and Spencer Group in a report on Thursday, September 17th. Citigroup raised their price objective on shares of Marks and Spencer Group from GBX 390 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. raised shares of Marks and Spencer Group to an “overweight” rating and boosted their target price for the stock from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 437.14.

Marks and Spencer Group Price Performance

The company has a 50 day moving average price of GBX 386.54 and a 200 day moving average price of GBX 372.13. The company has a market capitalization of £8.67 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 0.20 and a beta of 1.00. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89.

About Marks and Spencer Group

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.