Marks and Spencer Group (LON:MKS) Earns “Buy” Rating from Berenberg Bank

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 480 price target on the retailer’s stock. Berenberg Bank’s price objective points to a potential upside of 32.67% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 435 target price on shares of Marks and Spencer Group in a research note on Thursday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 target price on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Citigroup upped their price target on Marks and Spencer Group from GBX 390 to GBX 470 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. upgraded Marks and Spencer Group to an “overweight” rating and increased their price target for the stock from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 432.50.

Marks and Spencer Group Stock Performance

LON:MKS opened at GBX 361.80 on Thursday. The company has a fifty day moving average of GBX 388.87 and a 200-day moving average of GBX 366.38. The firm has a market capitalization of £7.49 billion, a P/E ratio of 29.41, a P/E/G ratio of 0.20 and a beta of 0.99. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89. Marks and Spencer Group has a twelve month low of GBX 301.10 and a twelve month high of GBX 418.32.

Insider Transactions at Marks and Spencer Group

In related news, insider Stuart Machin sold 560,402 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of GBX 384, for a total value of £2,151,943.68. Company insiders own 0.47% of the company’s stock.

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.