Shore Capital Reiterates House Stock Rating for Marks and Spencer Group (LON:MKS)

Marks and Spencer Group (LON:MKS)‘s stock had its “house stock” rating reaffirmed by investment analysts at Shore Capital in a research report issued on Thursday, Price Targets.com reports.

Several other research firms have also weighed in on MKS. Barclays restated an “overweight” rating and set a GBX 215 ($2.92) price objective on shares of Marks and Spencer Group in a research note on Friday, October 8th. Royal Bank of Canada boosted their price objective on shares of Marks and Spencer Group from GBX 190 ($2.58) to GBX 210 ($2.85) and gave the stock a “sector perform” rating in a research note on Wednesday, October 6th. Peel Hunt upgraded shares of Marks and Spencer Group to a “buy” rating and boosted their price objective for the stock from GBX 190 ($2.58) to GBX 260 ($3.53) in a research note on Wednesday, November 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 195 ($2.65) price objective on shares of Marks and Spencer Group in a research note on Thursday, November 11th. Finally, Morgan Stanley upped their price target on shares of Marks and Spencer Group from GBX 172 ($2.33) to GBX 184 ($2.50) and gave the company an “equal weight” rating in a research note on Wednesday, October 6th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Marks and Spencer Group has an average rating of “Buy” and an average price target of GBX 218.20 ($2.96).

Marks and Spencer Group stock opened at GBX 223.30 ($3.03) on Thursday. The firm has a market capitalization of £4.37 billion and a PE ratio of 148.87. The company’s 50-day moving average is GBX 235.29 and its 200-day moving average is GBX 189.49. Marks and Spencer Group has a fifty-two week low of GBX 126.90 ($1.72) and a fifty-two week high of GBX 263 ($3.57). The company has a debt-to-equity ratio of 158.42, a current ratio of 0.86 and a quick ratio of 0.52.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Â’Food on the Move' products.

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Analyst Recommendations for Marks and Spencer Group (LON:MKS)

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