Marks and Spencer Group plc (LON:MKS) Receives GBX 287 Average Target Price from Analysts

Marks and Spencer Group plc (LON:MKS) has earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 287 ($3.57).

A number of research firms recently issued reports on MKS. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, April 11th. Barclays restated an “overweight” rating and set a GBX 300 ($3.73) price target on shares of Marks and Spencer Group in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Marks and Spencer Group from GBX 260 ($3.24) to GBX 330 ($4.11) and gave the company an “overweight” rating in a research note on Thursday, April 11th.

Marks and Spencer Group Stock Down 1.8 %

Marks and Spencer Group stock opened at GBX 245.80 ($3.06) on Friday. The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 115.61. Marks and Spencer Group has a 12-month low of GBX 157.20 ($1.96) and a 12-month high of GBX 293.20 ($3.65). The firm’s fifty day moving average is GBX 247.85 and its 200 day moving average is GBX 248.34. The company has a market capitalization of £4.99 billion, a PE ratio of 1,229.00, a PEG ratio of 3.10 and a beta of 1.57.

About Marks and Spencer Group

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.