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 a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 322.50 ($4.26).

Several equities research analysts have recently weighed in on MKS shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 350 ($4.62) price target on shares of Marks and Spencer Group in a research note on Friday, June 28th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, June 28th. Finally, Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, May 30th.

Marks and Spencer Group Stock Performance

LON MKS opened at GBX 369.50 ($4.88) on Monday. The company has a market capitalization of £7.46 billion, a price-to-earnings ratio of 1,759.52, a PEG ratio of 0.20 and a beta of 1.62. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 110.71. Marks and Spencer Group has a twelve month low of GBX 211.50 ($2.79) and a twelve month high of GBX 376.10 ($4.97). The stock has a fifty day simple moving average of GBX 332.96 and a 200 day simple moving average of GBX 293.94.

Insiders Place Their Bets

In related news, insider Stuart Machin sold 619,188 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of GBX 289 ($3.82), for a total transaction of £1,789,453.32 ($2,363,874.93). 0.88% of the stock is currently owned by corporate insiders.

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.