Marks and Spencer Group plc (LON:MKS) Given Average Rating of “Hold” by Brokerages

Shares of Marks and Spencer Group plc (LON:MKSGet Rating) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 147.17 ($1.82).

MKS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 145 ($1.80) target price on shares of Marks and Spencer Group in a research note on Thursday, November 10th. JPMorgan Chase & Co. dropped their price target on Marks and Spencer Group from GBX 120 ($1.49) to GBX 100 ($1.24) and set a “neutral” rating on the stock in a research report on Thursday, October 13th. Barclays reissued an “overweight” rating and set a GBX 155 ($1.92) price objective on shares of Marks and Spencer Group in a research report on Thursday, November 24th. Finally, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, November 9th.

Marks and Spencer Group Stock Down 0.7 %

Shares of MKS opened at GBX 147.75 ($1.83) on Wednesday. The company has a debt-to-equity ratio of 122.67, a quick ratio of 0.42 and a current ratio of 0.88. Marks and Spencer Group has a 52 week low of GBX 91.56 ($1.13) and a 52 week high of GBX 225 ($2.79). The firm has a market capitalization of £2.90 billion and a price-to-earnings ratio of 923.44. The business’s fifty day moving average price is GBX 129.16 and its two-hundred day moving average price is GBX 123.26.

Insider Activity at Marks and Spencer Group

In other Marks and Spencer Group news, insider Stuart Machin sold 23,801 shares of Marks and Spencer Group stock in a transaction on Friday, December 9th. The stock was sold at an average price of GBX 123 ($1.52), for a total value of £29,275.23 ($36,245.18).

Marks and Spencer Group Company Profile

(Get Rating)

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and ‘Food on the Move' products.

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Analyst Recommendations for Marks and Spencer Group (LON:MKS)

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