JPMorgan Chase & Co. Reaffirms Overweight Rating for Marks and Spencer Group (LON:MKS)

Marks and Spencer Group (LON:MKS)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a report issued on Thursday, Marketbeat Ratings reports.

A number of other equities research analysts have also issued reports on MKS. Berenberg Bank increased their price target on Marks and Spencer Group from GBX 406 to GBX 412 and gave the stock a “hold” rating in a research note on Thursday. Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on Marks and Spencer Group from GBX 450 to GBX 435 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Royal Bank Of Canada cut Marks and Spencer Group to a “sector perform” rating and boosted their price target for the stock from GBX 375 to GBX 400 in a report on Monday, October 20th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 360 price objective on shares of Marks and Spencer Group in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 413.67.

Marks and Spencer Group Price Performance

LON MKS opened at GBX 382.40 on Thursday. Marks and Spencer Group has a 12 month low of GBX 319.20 and a 12 month high of GBX 417.80. The stock has a market cap of £7.71 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 0.20 and a beta of 1.62. The company’s 50 day moving average is GBX 373.46 and its two-hundred day moving average is GBX 363.49. The company has a current ratio of 0.82, a quick ratio of 0.42 and a debt-to-equity ratio of 95.00.

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings results on Wednesday, November 5th. The retailer reported GBX 6.60 earnings per share for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. As a group, research analysts anticipate that Marks and Spencer Group will post 26.0113154 earnings per share for the current year.

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.