Marks and Spencer Group plc (LON:MKS) Receives GBX 322.50 Consensus Target Price from Brokerages

Marks and Spencer Group plc (LON:MKS) has received an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 322.50 ($4.25).

MKS has been the topic of several research analyst reports. Royal Bank of Canada restated an “overweight” rating and set a GBX 315 ($4.15) target price on shares of Marks and Spencer Group in a research report on Wednesday, May 15th. Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, May 30th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 350 ($4.62) price target on shares of Marks and Spencer Group in a report on Friday, June 28th.

Marks and Spencer Group Stock Performance

LON:MKS opened at GBX 342 ($4.51) on Thursday. The company has a debt-to-equity ratio of 110.71, a quick ratio of 0.42 and a current ratio of 0.86. Marks and Spencer Group has a fifty-two week low of GBX 211.50 ($2.79) and a fifty-two week high of GBX 341.80 ($4.51). The company has a 50 day simple moving average of GBX 312.68 and a two-hundred day simple moving average of GBX 280.55. The company has a market capitalization of £6.91 billion, a PE ratio of 1,612.86, a P/E/G ratio of 0.20 and a beta of 1.62.

Insider Buying and Selling at Marks and Spencer Group

In related news, insider Stuart Machin sold 619,188 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of GBX 289 ($3.81), for a total transaction of £1,789,453.32 ($2,359,822.39). Company insiders own 0.90% of the company’s stock.

Marks and Spencer Group Company Profile

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 Food on the Move' products.