Marks and Spencer Group plc (LON:MKS) Stock Has Average Price Target of GBX 465.83

Marks and Spencer Group plc (LON:MKS) has been assigned a consensus rating of “Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 465.83.

Several equities research analysts recently commented on MKS shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Marks and Spencer Group from GBX 435 to GBX 470 and gave the stock a “buy” rating in a report on Friday. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, November 4th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 500 target price on shares of Marks and Spencer Group in a report on Thursday. JPMorgan Chase & Co. raised Marks and Spencer Group to an “overweight” rating and boosted their price target for the stock from GBX 440 to GBX 450 in a research report on Tuesday, July 21st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 480 price target on shares of Marks and Spencer Group in a research report on Thursday, September 17th.

Marks and Spencer Group Stock Performance

Shares of MKS opened at GBX 436.40 on Monday. The company has a debt-to-equity ratio of 108.12, a current ratio of 0.87 and a quick ratio of 0.42. Marks and Spencer Group has a one year low of GBX 301.10 and a one year high of GBX 452.80. The company has a 50-day simple moving average of GBX 395.31 and a two-hundred day simple moving average of GBX 374.79. The firm has a market capitalization of £9.03 billion, a PE ratio of 35.48, a price-to-earnings-growth 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.