Jefferies Financial Group Upgrades Marks and Spencer Group (LON:MKS) to “Buy”

Marks and Spencer Group (LON:MKSGet Free Report) was upgraded by research analysts at Jefferies Financial Group to a “buy” rating in a research note issued on Monday, MarketBeat reports. The brokerage presently has a GBX 310 ($3.83) price objective on the retailer’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 17.92% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Marks and Spencer Group from GBX 260 ($3.21) to GBX 330 ($4.08) and gave the company an “overweight” rating in a report on Thursday, April 11th. Barclays restated an “overweight” rating and set a GBX 300 ($3.71) price objective on shares of Marks and Spencer Group in a report on Tuesday, February 6th. Finally, Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Marks and Spencer Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 290.83 ($3.59).

View Our Latest Research Report on MKS

Marks and Spencer Group Stock Performance

Shares of MKS opened at GBX 262.90 ($3.25) on Monday. Marks and Spencer Group has a 1 year low of GBX 157.20 ($1.94) and a 1 year high of GBX 293.20 ($3.62). The company has a market cap of £5.34 billion, a price-to-earnings ratio of 1,314.50, a price-to-earnings-growth ratio of 3.10 and a beta of 1.57. The company has a debt-to-equity ratio of 115.61, a quick ratio of 0.42 and a current ratio of 0.80. The firm has a fifty day moving average of GBX 248.20 and a 200-day moving average of GBX 248.54.

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.

Further Reading

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

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