Marks and Spencer Group (LON:MKS - Get Free Report) was upgraded by equities researchers at Citigroup to a "buy" rating in a note issued to investors on Monday,London Stock Exchange reports. The brokerage presently has a GBX 440 price objective on the retailer's stock, up from their prior price objective of GBX 380. Citigroup's price target suggests a potential upside of 25.18% from the stock's current price.
Other equities research analysts also recently issued reports about the company. Shore Capital restated a "house stock" rating on shares of Marks and Spencer Group in a research report on Wednesday, May 21st. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Marks and Spencer Group in a research report on Wednesday, July 30th. Royal Bank Of Canada reduced their price objective on shares of Marks and Spencer Group from GBX 420 to GBX 400 and set an "outperform" rating for the company in a research report on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Marks and Spencer Group from GBX 450 to GBX 435 and set a "buy" rating on the stock in a research note on Tuesday, August 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 425.
Get Our Latest Research Report on MKS
Marks and Spencer Group Trading Up 3.2%
Marks and Spencer Group stock opened at GBX 351.50 on Monday. 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 debt-to-equity ratio of 95.00, a current ratio of 0.82 and a quick ratio of 0.42. The stock has a market capitalization of £7.09 billion, a PE ratio of 2,510.71, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The firm has a 50 day simple moving average of GBX 344.09 and a 200-day simple moving average of GBX 358.30.
Insider Buying and Selling
In other news, insider Alison Dolan sold 116,632 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of GBX 333, for a total transaction of £388,384.56. Also, insider Stuart Machin sold 833,949 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of GBX 333, for a total transaction of £2,777,050.17. 0.51% of the stock is owned by insiders.
About Marks and Spencer Group
(
Get Free Report)
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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