Marks and Spencer Group plc (LON:MKS) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Marks and Spencer Group plc (LON:MKS) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 432.50.

MKS has been the topic of several research reports. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised Marks and Spencer Group to an “overweight” rating and lifted their target price for the stock from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Citigroup boosted their target price 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. Berenberg Bank restated a “buy” rating and issued a GBX 480 price target on shares of Marks and Spencer Group in a research note on Thursday, September 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a research note on Thursday, August 13th.

Marks and Spencer Group Trading Up 1.1%

Shares of Marks and Spencer Group stock opened at GBX 411.65 on Thursday. The company has a market capitalization of £8.52 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 0.20 and a beta of 1.00. 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 has a fifty day simple moving average of GBX 385.70 and a two-hundred day simple moving average of GBX 369.90. Marks and Spencer Group has a 1 year low of GBX 301.10 and a 1 year high of GBX 418.32.

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.