Marks and Spencer Group (LON:MKS) Stock Price Target Raised at Deutsche Bank Aktiengesellschaft

Marks and Spencer Group (LON:MKS) had its target price lifted by Deutsche Bank Aktiengesellschaft from GBX 435 to GBX 470 in a report issued on Friday morning,Digital Look reports. The firm currently has a buy rating on the retailer’s stock.

Several other research analysts also recently commented on MKS. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday. Citigroup increased their price target on Marks and Spencer Group from GBX 390 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. raised Marks and Spencer Group to an “overweight” rating and increased their price target for the company from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Berenberg Bank restated a “buy” rating and set a GBX 480 price objective on shares of Marks and Spencer Group in a research report on Thursday, September 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 500 price objective on shares of Marks and Spencer Group in a research note on Thursday. Six research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 465.83.

Marks and Spencer Group Trading Down 2.5%

Shares of LON:MKS traded down GBX 11 during mid-day trading on Friday, reaching GBX 433.20. 10,193,011 shares of the company’s stock were exchanged, compared to its average volume of 39,086,273. The firm has a market capitalization of £8.96 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 0.20 and a beta of 1.00. The business’s fifty day moving average price is GBX 395.31 and its 200-day moving average price is GBX 374.79. The company has a debt-to-equity ratio of 11.77, a quick ratio of 0.42 and a current ratio of 0.87. Marks and Spencer Group has a twelve month low of GBX 301.10 and a twelve month high of GBX 452.80.

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.