Citigroup Cuts Marks and Spencer Group (LON:MKS) Price Target to GBX 390

Marks and Spencer Group (LON:MKS) had its price target decreased by stock analysts at Citigroup from GBX 410 to GBX 390 in a research note issued on Friday,Digital Look reports. The brokerage presently has a “buy” rating on the retailer’s stock. Citigroup’s price objective would indicate a potential upside of 8.18% from the stock’s current price.

Several other equities research analysts have also commented on MKS. Berenberg Bank boosted 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 report on Thursday. UBS Group reiterated a “buy” rating and issued a GBX 425 target price on shares of Marks and Spencer Group in a research report on Monday. Jefferies Financial Group restated a “buy” rating and set a GBX 440 price target on shares of Marks and Spencer Group in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a research note on Thursday. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Marks and Spencer Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 418.57.

Marks and Spencer Group Stock Performance

LON MKS opened at GBX 360.50 on Friday. The stock has a market capitalization of £7.30 billion, a price-to-earnings ratio of 400.56, a PEG ratio of 0.20 and a beta of 1.24. The stock has a 50-day moving average of GBX 342.59 and a 200 day moving average of GBX 352.25. 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 twelve month low of GBX 301.10 and a twelve month high of GBX 411.80.

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings data on Wednesday, May 20th. The retailer reported GBX 23.80 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%. Sell-side analysts anticipate that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.

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.