Marks and Spencer Group (LON:MKS) Given House Stock Rating at Shore Capital Group

Marks and Spencer Group (LON:MKS)‘s stock had its “house stock” rating restated by equities research analysts at Shore Capital Group in a note issued to investors on Wednesday, Digital Look reports.

Other equities research analysts have also recently issued research reports about the stock. Citigroup increased their price target 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. 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, August 13th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 480 price objective on shares of Marks and Spencer Group in a research note on Thursday, September 17th. Finally, JPMorgan Chase & Co. upgraded shares of Marks and Spencer Group to an “overweight” rating and increased their target price for the stock from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 437.14.

Marks and Spencer Group Stock Up 2.6%

Shares of LON MKS opened at GBX 424.90 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89. Marks and Spencer Group has a 52 week low of GBX 301.10 and a 52 week high of GBX 431.90. The firm’s fifty day moving average is GBX 392.46 and its 200 day moving average is GBX 373.67. The company has a market cap of £8.79 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 0.20 and a beta of 1.00.

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.