Marks and Spencer Group plc (LON:MKS) Receives GBX 242.86 Average Price Target from Analysts

Marks and Spencer Group plc (LON:MKSGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 242.86 ($3.04).

A number of research analysts have recently commented on MKS shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 260 ($3.26) target price on shares of Marks and Spencer Group in a report on Thursday, December 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 310 ($3.89) target price on shares of Marks and Spencer Group in a research report on Tuesday, November 21st. Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, January 11th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 300 ($3.76) price objective on shares of Marks and Spencer Group in a research report on Tuesday.

Check Out Our Latest Analysis on Marks and Spencer Group

Marks and Spencer Group Trading Down 1.0 %

MKS opened at GBX 242.51 ($3.04) on Friday. Marks and Spencer Group has a twelve month low of GBX 136.10 ($1.71) and a twelve month high of GBX 293.20 ($3.68). The company has a 50-day simple moving average of GBX 262.32 and a 200 day simple moving average of GBX 237.91. The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 115.61. The stock has a market capitalization of £4.78 billion, a price-to-earnings ratio of 1,225.00, a P/E/G ratio of 2.94 and a beta of 1.58.

Insider Activity

In other news, insider Stuart Machin sold 23,686 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of GBX 259 ($3.25), for a total transaction of £61,346.74 ($76,904.53). Insiders acquired a total of 174 shares of company stock valued at $44,889 in the last ninety days. 0.88% of the stock is currently owned by insiders.

About Marks and Spencer Group

(Get Free Report

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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