Marks and Spencer Group (LON:MKS) Stock Rating Reaffirmed as House Stock by Shore Capital Group

Key Points

• Shore Capital reaffirmed its “house stock” rating on Marks and Spencer Group, while analyst sentiment overall remains positive: six analysts rate it Buy and one rates it Hold.
• The stock has a consensus price target of GBX 437.14; recent targets from other firms range from GBX 435 to GBX 480, with several maintaining or upgrading Buy ratings.
• M&S shares rose 2.6% and opened at GBX 424.90, near their 52-week high of GBX 431.90.

Marks and Spencer Group (LON:MKS - Get Free Report)'s stock had its "house stock" rating restated by analysts at Shore Capital Group in a report issued on Wednesday, Digital Look reports.

Other equities research analysts also recently issued research reports about the company. Berenberg Bank restated a "buy" rating and set a GBX 480 price target on shares of Marks and Spencer Group in a research report on Thursday, September 17th. Citigroup upped their price objective on Marks and Spencer Group from GBX 390 to GBX 470 and gave the stock a "buy" rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. upgraded Marks and Spencer Group to an "overweight" rating and upped their price objective for the stock from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 435 price objective on shares of Marks and Spencer Group in a research report on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Marks and Spencer Group has an average rating of "Moderate Buy" and a consensus target price of GBX 437.14.

Marks and Spencer Group Stock Up 2.6%

Shares of LON:MKS opened at GBX 424.90 on Wednesday. Marks and Spencer Group has a 52-week low of GBX 301.10 and a 52-week high of GBX 431.90. The firm has a fifty day moving average of GBX 392.46 and a 200 day moving average of GBX 373.67. The firm has a market capitalization of £8.79 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 0.20 and a beta of 1.00. The company has a debt-to-equity ratio of 111.89, a quick ratio of 0.42 and a current ratio of 0.86.

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. We do this through a network of stores and websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year.

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