Marks and Spencer Group (LON:MKS) Upgraded to "Buy" by Jefferies Financial Group

Marks and Spencer Group (LON:MKS - Get Free Report) was upgraded by equities research analysts at Jefferies Financial Group to a "buy" rating in a report released on Monday, MarketBeat Ratings reports. The brokerage presently has a GBX 310 ($3.83) target price on the retailer's stock. Jefferies Financial Group's price objective suggests a potential upside of 20.81% from the company's previous close.

A number of other brokerages have also commented on MKS. Barclays restated an "overweight" rating and issued a GBX 300 ($3.71) price target on shares of Marks and Spencer Group in a report on Tuesday, February 6th. Shore Capital restated a "house stock" rating on shares of Marks and Spencer Group in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. boosted their price target on 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 290.83 ($3.59).

Marks and Spencer Group Trading Up 4.4 %

MKS stock traded up GBX 10.80 ($0.13) during midday trading on Monday, hitting GBX 256.60 ($3.17). 5,561,204 shares of the company's stock were exchanged, compared to its average volume of 8,723,130. The stock's fifty day moving average price is GBX 248.20 and its 200-day moving average price is GBX 248.54. 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 company has a market cap of £5.21 billion, a PE ratio of 1,283.00, a price-to-earnings-growth ratio of 3.10 and a beta of 1.57. Marks and Spencer Group has a one year low of GBX 157.20 ($1.94) and a one year high of GBX 293.20 ($3.62).

Marks and Spencer Group Company Profile

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.