Marks and Spencer Group (LON:MKS) Upgraded to Buy at Citigroup

Key Points

• Marks and Spencer Group has been upgraded to a "buy" rating by Citigroup, with a new price target of GBX 440, suggesting a potential upside of 25.18%.
• Other analysts, including JPMorgan Chase & Co. and Deutsche Bank, have also issued positive ratings, contributing to a consensus "Buy" rating and price target of GBX 425.
• Insider selling was reported, with significant shares sold by executives at an average price of GBX 333, indicating potential concerns about insider confidence.

Citigroup upgraded shares of Marks and Spencer Group (LON:MKS - Free Report) to a buy rating in a research report report published on Monday morning, MarketBeat reports. Citigroup currently has GBX 440 price target on the retailer's stock, up from their previous price target of GBX 380.

A number of other research firms also recently weighed in on MKS. Shore Capital reissued a "house stock" rating on shares of Marks and Spencer Group in a report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft decreased their price target 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. Royal Bank Of Canada decreased 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. Finally, JPMorgan Chase & Co. restated an "overweight" rating on shares of Marks and Spencer Group in a research report on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of GBX 425.

Marks and Spencer Group Stock Performance

Shares of MKS traded down GBX 4.70 during midday trading on Monday, reaching GBX 338.20. 3,470,718 shares of the stock were exchanged, compared to its average volume of 16,879,568. Marks and Spencer Group has a twelve month low of GBX 319.20 and a twelve month high of GBX 417.80. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. The company has a market cap of £6.82 billion, a P/E ratio of 2,415.71, a PEG ratio of 0.20 and a beta of 1.62. The stock's 50 day simple moving average is GBX 343.95 and its 200 day simple moving average is GBX 358.09.

Insider Transactions at Marks and Spencer Group

In other Marks and Spencer Group news, insider Alison Dolan sold 116,632 shares of Marks and Spencer Group stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of GBX 333, for a total value of £388,384.56. Also, insider Stuart Machin sold 833,949 shares of Marks and Spencer Group stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of GBX 333, for a total value of £2,777,050.17. Insiders own 0.51% 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.