Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Marks and Spencer Group (LON:MKS) Stock Price

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 report released on Tuesday, Marketbeat Ratings reports. The firm presently has a "buy" rating on the retailer's stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 25.94% from the company's previous close.

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

Marks and Spencer Group Stock Performance

MKS traded down GBX 5 during trading on Tuesday, reaching GBX 345.40. The company's stock had a trading volume of 3,980,188 shares, compared to its average volume of 14,728,332. Marks and Spencer Group has a 52-week low of GBX 319.20 and a 52-week high of GBX 417.80. The company's fifty day moving average price is GBX 345.77 and its 200-day moving average price is GBX 358.71. The company has a market capitalization of £6.96 billion, a price-to-earnings ratio of 2,467.14, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82.

Insider Activity at Marks and Spencer Group

In related news, insider Stuart Machin sold 833,949 shares of Marks and Spencer Group stock in a transaction that occurred 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 Marks and Spencer Group stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of GBX 333, for a total value of £388,384.56. Insiders own 0.46% of the company's stock.

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.