Marks and Spencer Group (LON:MKS)‘s stock had its “underweight” rating reissued by analysts at JPMorgan Chase & Co. in a research note issued on Thursday, ThisIsMoney.Co.Uk reports. They currently have a GBX 230 ($3.01) target price on the retailer’s stock, down from their prior target price of GBX 250 ($3.27). JPMorgan Chase & Co.‘s price objective suggests a potential downside of 6.62% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on MKS. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday. Barclays cut their price objective on shares of Marks and Spencer Group from GBX 335 ($4.38) to GBX 320 ($4.18) and set an “overweight” rating on the stock in a report on Thursday. UBS Group restated a “neutral” rating on shares of Marks and Spencer Group in a report on Friday, May 17th. Peel Hunt restated a “buy” rating on shares of Marks and Spencer Group in a report on Wednesday. Finally, Liberum Capital restated a “sell” rating and issued a GBX 225 ($2.94) price objective on shares of Marks and Spencer Group in a report on Friday, May 17th. Seven research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 260.17 ($3.40).
Shares of MKS opened at GBX 246.30 ($3.22) on Thursday. The stock has a market capitalization of $4.00 billion and a price-to-earnings ratio of 136.83. The company has a debt-to-equity ratio of 62.77, a quick ratio of 0.26 and a current ratio of 0.73. Marks and Spencer Group has a fifty-two week low of GBX 240 ($3.14) and a fifty-two week high of GBX 316.60 ($4.14).
In other news, insider Katie Bickerstaffe purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average price of GBX 249 ($3.25) per share, for a total transaction of £4,980 ($6,507.25).
Marks and Spencer Group Company Profile
Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.
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