Marks and Spencer Group (LON:MKS) Stock Rating Lowered by Royal Bank Of Canada

Key Points

• The Royal Bank of Canada has downgraded Marks and Spencer Group to a "sector perform" rating, raising their price target from GBX 375 to GBX 400.
• Despite the downgrade, the consensus among analysts remains a "Moderate Buy" with a target price of GBX 425, with Citigroup recently upgrading their target to GBX 440.
• The stock opened at GBX 397.92, showing a potential upside of 0.52% based on the Royal Bank of Canada's target price.

Marks and Spencer Group (LON:MKS - Get Free Report) was downgraded by research analysts at Royal Bank Of Canada to a "sector perform" rating in a research report issued on Monday,Digital Look reports. They currently have a GBX 400 price target on the retailer's stock, up from their previous price target of GBX 375. Royal Bank Of Canada's target price suggests a potential upside of 0.52% from the company's previous close.

Several other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Marks and Spencer Group from GBX 450 to GBX 435 and set a "buy" rating on the stock in a research report on Tuesday, August 26th. JPMorgan Chase & Co. restated an "overweight" rating on shares of Marks and Spencer Group in a report on Tuesday, October 7th. Shore Capital restated a "house stock" rating on shares of Marks and Spencer Group in a report on Tuesday, October 14th. Finally, Citigroup upgraded Marks and Spencer Group to a "buy" rating and increased their target price for the company from GBX 380 to GBX 440 in a report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 425.

Marks and Spencer Group Price Performance

MKS stock opened at GBX 397.92 on Monday. The stock has a 50-day moving average price of GBX 359.46 and a two-hundred day moving average price of GBX 361.76. Marks and Spencer Group has a 12-month low of GBX 319.20 and a 12-month high of GBX 417.80. The company has a current ratio of 0.82, a quick ratio of 0.42 and a debt-to-equity ratio of 95.00. The company has a market cap of £8.02 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62.

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.

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