Marks and Spencer Group's (MKS) House Stock Rating Reaffirmed at Shore Capital

Key Points

• Marks and Spencer Group's stock rating was reaffirmed as a "house stock" by Shore Capital, indicating continued confidence from analysts.
• Royal Bank of Canada has lowered its price target for the company's shares from GBX 420 to GBX 400, while other firms project a consensus price target of GBX 425.
• Two insiders, including Alison Dolan and Stuart Machin, sold a significant number of shares at an average price of GBX 333, raising concerns about insider selling.

Marks and Spencer Group (LON:MKS - Get Free Report)'s stock had its "house stock" rating reiterated by investment analysts at Shore Capital in a report issued on Monday,Digital Look reports.

Several other equities analysts also recently issued reports on MKS. Royal Bank Of Canada reduced their price target on shares of Marks and Spencer Group from GBX 420 to GBX 400 and set an "outperform" rating for the company in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft cut 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 report on Tuesday, August 26th. JPMorgan Chase & Co. restated an "overweight" rating on shares of Marks and Spencer Group in a research report on Wednesday, July 30th. Finally, Citigroup raised Marks and Spencer Group to a "buy" rating and lifted their price target for the company from GBX 380 to GBX 440 in a report on Monday, September 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Marks and Spencer Group presently has a consensus rating of "Buy" and a consensus target price of GBX 425.

Marks and Spencer Group Price Performance

Shares of LON:MKS opened at GBX 360.10 on Monday. The company has a market cap of £7.26 billion, a PE ratio of 2,572.14, a P/E/G ratio of 0.20 and a beta of 1.62. Marks and Spencer Group has a fifty-two week low of GBX 319.20 and a fifty-two week high of GBX 417.80. The firm has a 50-day simple moving average of GBX 346.17 and a 200 day simple moving average of GBX 357.43. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00.

Insider Buying and Selling at Marks and Spencer Group

In related news, insider Alison Dolan sold 116,632 shares of the 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. 0.51% of the stock is owned by insiders.

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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