Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Marks and Spencer Group (LON:MKS) Stock Price

Marks and Spencer Group (LON:MKS) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from GBX 435 to GBX 470 in a note issued to investors on Friday, Digital Look reports. The brokerage currently has a “buy” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft‘s price target would indicate a potential upside of 9.89% from the stock’s current price.

MKS has been the topic of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 500 price target on shares of Marks and Spencer Group in a report on Thursday. JPMorgan Chase & Co. raised shares of Marks and Spencer Group to an “overweight” rating and boosted their price objective for the stock from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Citigroup increased their price objective on Marks and Spencer Group from GBX 390 to GBX 470 and gave the company a “buy” rating in a report on Tuesday, August 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 480 target price on shares of Marks and Spencer Group in a research report on Thursday, September 17th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Marks and Spencer Group has a consensus rating of “Buy” and a consensus target price of GBX 465.83.

Marks and Spencer Group Trading Down 3.7%

MKS opened at GBX 427.70 on Friday. Marks and Spencer Group has a fifty-two week low of GBX 301.10 and a fifty-two week high of GBX 452.80. The company has a debt-to-equity ratio of 11.77, a current ratio of 0.87 and a quick ratio of 0.42. The firm has a market capitalization of £8.85 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 0.20 and a beta of 1.00. The company’s 50 day moving average price is GBX 394.48 and its two-hundred day moving average price is GBX 374.44.

Key Headlines Impacting Marks and Spencer Group

Here are the key news stories impacting Marks and Spencer Group this week:

• Positive Sentiment: Food sales grew 11.7% in the half year and reported profit more than doubled, providing the clearest fundamental support for the shares. Marks & Spencer Reports 11.7% Food Sales Growth as Half-Year Profit More Than Doubles
• Positive Sentiment: Jefferies reaffirmed its “buy” rating and GBX 500 price target, saying the retailer’s rebound is taking shape. Marks & Spencer: Rebound Takes Shape, Jefferies Says Buy
• Neutral Sentiment: Broker views are divided, with food strength offset by concerns about clothing performance. Marks & Spencer brokers split as food strength offsets clothing concerns
• Neutral Sentiment: Shore Capital maintained its “house stock” rating, offering no clear change in its stance. Shore Capital recommendations
• Negative Sentiment: Clothing concerns remain a risk, tempering the positive read-through from food sales and earnings growth. Marks & Spencer brokers split as food strength offsets clothing concerns

Marks and Spencer Group Company Profile

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.