Marks and Spencer Group (LON:MKS) Given New GBX 435 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for Marks and Spencer Group from GBX 450 to GBX 435, while maintaining a "buy" rating on the stock.
• Other analysts have mixed opinions, with JPMorgan reaffirming an "overweight" rating, while Royal Bank Of Canada has set a lower price target of GBX 400.
• Insider selling includes notable transactions by Stuart Machin and Alison Dolan, indicating a sale of over £3 million worth of shares at an average price of GBX 333 each.

Marks and Spencer Group (LON:MKS - Get Free Report) had its price objective dropped by analysts at Deutsche Bank Aktiengesellschaft from GBX 450 to GBX 435 in a research note issued on Tuesday,London Stock Exchange reports. The firm currently has a "buy" rating on the retailer's stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 21.95% from the stock's current price.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Marks and Spencer Group in a research report on Wednesday, July 30th. Shore Capital reaffirmed a "house stock" rating on shares of Marks and Spencer Group in a research report on Wednesday, May 21st. Finally, Royal Bank Of Canada dropped their price target on Marks and Spencer Group from GBX 420 to GBX 400 and set an "outperform" rating on the stock in a research report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Marks and Spencer Group has an average rating of "Buy" and a consensus price target of GBX 417.50.

Marks and Spencer Group Stock Performance

Shares of Marks and Spencer Group stock opened at GBX 356.70 on Tuesday. The stock's fifty day moving average is GBX 347.03 and its two-hundred day moving average is GBX 358.75. The company has a market capitalization of £7.16 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. Marks and Spencer Group has a 52 week low of GBX 319.20 and a 52 week high of GBX 417.80.

Insiders Place Their Bets

In other news, insider Stuart Machin sold 833,949 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of GBX 333, for a total transaction of £2,777,050.17. Also, insider Alison Dolan sold 116,632 shares of the firm's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of GBX 333, for a total value of £388,384.56. 0.87% of the stock is currently owned by corporate insiders.

About Marks and Spencer Group

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.

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