Marks and Spencer Group plc (LON:MKS) Receives GBX 415.33 Consensus Target Price from Analysts

Shares of Marks and Spencer Group plc (LON:MKS) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 415.33.

A number of brokerages have recently commented on MKS. Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. Royal Bank Of Canada lowered shares of Marks and Spencer Group to a “sector perform” rating and lifted their price target for the company from GBX 375 to GBX 400 in a research note on Monday, October 20th. Citigroup increased their price objective on shares of Marks and Spencer Group from GBX 440 to GBX 450 and gave the stock a “buy” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a report on Thursday, November 6th. Finally, Berenberg Bank lifted their target price on Marks and Spencer Group from GBX 406 to GBX 412 and gave the company a “hold” rating in a research report on Thursday, November 6th.

Marks and Spencer Group Stock Up 3.1%

MKS stock opened at GBX 339.66 on Monday. The company has a debt-to-equity ratio of 95.00, a current ratio of 0.82 and a quick ratio of 0.42. The stock has a market capitalization of £6.85 billion, a P/E ratio of 24.26, a P/E/G ratio of 0.20 and a beta of 1.62. Marks and Spencer Group has a fifty-two week low of GBX 319.20 and a fifty-two week high of GBX 417.80. The business has a 50-day moving average of GBX 374.65 and a 200-day moving average of GBX 360.33.

Marks and Spencer Group (LON:MKS) last released its earnings results on Wednesday, November 5th. The retailer reported GBX 6.60 EPS for the quarter. Marks and Spencer Group had a return on equity of 17.23% and a net margin of 3.77%. On average, sell-side analysts anticipate that Marks and Spencer Group will post 26.0113154 earnings per share for the current fiscal year.

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.