Marks and Spencer Group (LON:MKS) Price Target Raised to GBX 470

Marks and Spencer Group (LON:MKS) had its price target increased by Citigroup from GBX 390 to GBX 470 in a report issued on Tuesday, MarketBeat reports. The firm currently has a buy rating on the retailer’s stock.

MKS has been the topic of several other research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 440 price target on shares of Marks and Spencer Group in a report on Thursday, May 21st. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, July 16th. UBS Group reissued a “buy” rating and issued a GBX 425 target price on shares of Marks and Spencer Group in a research note on Monday, May 18th. JPMorgan Chase & Co. upgraded shares of Marks and Spencer Group to an “overweight” rating and lifted their target price for the company from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Finally, Berenberg Bank upped their price target on shares of Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Marks and Spencer Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 432.50.

Marks and Spencer Group Stock Performance

Marks and Spencer Group stock opened at GBX 391.40 on Tuesday. The company has a market cap of £8.04 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 0.20 and a beta of 0.99. Marks and Spencer Group has a 12 month low of GBX 301.10 and a 12 month high of GBX 418.32. The company has a debt-to-equity ratio of 111.89, a current ratio of 0.86 and a quick ratio of 0.42. The stock’s 50-day moving average is GBX 386.08 and its 200-day moving average is GBX 367.67.

Insider Activity

In other news, insider Stuart Machin sold 560,402 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of GBX 384, for a total transaction of £2,151,943.68. 0.48% of the stock is owned by corporate insiders.

About Marks and Spencer Group

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. We do this through a network of stores and websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year.