Marks and Spencer Group (LON:MKS) Given “Buy” Rating at Jefferies Financial Group

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a report released on Thursday,London Stock Exchange reports. They presently have a GBX 440 price objective on the retailer’s stock. Jefferies Financial Group’s target price indicates a potential upside of 26.73% from the stock’s current price.

MKS has been the topic of several other reports. Berenberg Bank upped their price objective 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. Citigroup dropped their target price on shares of Marks and Spencer Group to GBX 430 and set a “buy” rating for the company in a research report on Thursday, March 19th. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday. Finally, UBS Group restated a “buy” rating and set a GBX 425 price objective on shares of Marks and Spencer Group in a research report on Monday. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 424.29.

Marks and Spencer Group Price Performance

LON:MKS traded down GBX 1.30 during trading hours on Thursday, hitting GBX 347.20. 134,192,266 shares of the company’s stock traded hands, compared to its average volume of 42,304,707. Marks and Spencer Group has a 52 week low of GBX 301.10 and a 52 week high of GBX 411.80. The business’s fifty day simple moving average is GBX 342.76 and its two-hundred day simple moving average is GBX 352.59. The company has a quick ratio of 0.42, a current ratio of 0.81 and a debt-to-equity ratio of 121.22. The firm has a market cap of £7.03 billion, a P/E ratio of 385.78, a P/E/G ratio of 0.20 and a beta of 1.02.

Marks and Spencer Group (LON:MKS) last announced its earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share for the quarter. Marks and Spencer Group had a return on equity of 0.69% and a net margin of 0.13%.The business had revenue of GBX 1,727.36 billion for the quarter. On average, research analysts anticipate that Marks and Spencer Group will post 26.0113154 earnings per share for the current fiscal year.

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.