Marks and Spencer Group’s (MKS) Buy Rating Reaffirmed at Berenberg Bank

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research report issued on Thursday, September 17th, Digital Look reports. They presently have a GBX 480 price objective on the retailer’s stock. Berenberg Bank’s price objective would suggest a potential upside of 29.10% from the stock’s previous close.

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

Marks and Spencer Group Stock Performance

MKS traded up GBX 4 during trading hours on Thursday, hitting GBX 371.80. The stock had a trading volume of 593,464,125 shares, compared to its average volume of 42,454,207. The stock has a market cap of £7.69 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 0.20 and a beta of 0.98. Marks and Spencer Group has a 1 year low of GBX 301.10 and a 1 year high of GBX 418.32. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89. The company’s fifty day simple moving average is GBX 388.09 and its 200 day simple moving average is GBX 365.84.

Insider Activity at Marks and Spencer Group

In related news, insider Stuart Machin sold 560,402 shares of Marks and Spencer Group stock in a transaction on Wednesday, July 8th. The shares were 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.