Marks and Spencer Group (LON:MKS) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Marks and Spencer Group (LON:MKS) to an overweight rating in a report released on Tuesday morning,Digital Look reports. They currently have GBX 450 target price on the retailer’s stock, up from their previous target price of GBX 440.

MKS has been the subject of a number of other reports. Citigroup dropped their target price on shares of Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating for the company in a research note on Friday, May 22nd. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, July 16th. UBS Group reissued a “buy” rating and issued a GBX 425 price target on shares of Marks and Spencer Group in a report on Monday, May 18th. Jefferies Financial Group restated a “buy” rating and issued a GBX 440 price objective on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Marks and Spencer Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 422.50.

Marks and Spencer Group Price Performance

Shares of MKS stock opened at GBX 378.50 on Tuesday. Marks and Spencer Group has a 52 week low of GBX 301.10 and a 52 week high of GBX 411.80. The stock has a market capitalization of £7.78 billion, a PE ratio of 30.77, a PEG ratio of 0.20 and a beta of 1.01. The company has a debt-to-equity ratio of 111.89, a quick ratio of 0.42 and a current ratio of 0.86. The stock’s fifty day moving average is GBX 366.51 and its 200-day moving average is GBX 361.41.

Marks and Spencer Group (LON:MKS) last released its quarterly 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%. Equities research analysts expect that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.

Insiders Place Their Bets

In other Marks and Spencer Group news, insider Stuart Machin sold 560,402 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of GBX 384, for a total transaction of £2,151,943.68. Also, insider Alison Dolan sold 85,000 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total value of £305,150. 0.45% of the stock is currently owned by insiders.

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.