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 "house stock" by Shore Capital, indicating continued confidence in its performance.
• Several analysts have provided mixed reviews, with Deutsche Bank lowering its price target from GBX 450 to GBX 435, while Citigroup raised it from GBX 380 to GBX 440.
• The company has a market cap of £8.05 billion and its shares recently traded at GBX 399.40, reflecting a volatile trading range over the past year.

Marks and Spencer Group (LON:MKS - Get Free Report)'s stock had its "house stock" rating reaffirmed by equities researchers at Shore Capital in a note issued to investors on Tuesday, MarketBeat reports.

Several other research analysts have also recently issued reports on MKS. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marks and Spencer Group from GBX 450 to GBX 435 and set a "buy" rating for the company in a report on Tuesday, August 26th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Marks and Spencer Group in a report on Tuesday, October 7th. Citigroup raised shares of 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. Finally, Royal Bank Of Canada dropped their target price 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Marks and Spencer Group currently has a consensus rating of "Buy" and a consensus price target of GBX 425.

Marks and Spencer Group Stock Performance

LON MKS traded up GBX 2.80 during trading hours on Tuesday, hitting GBX 399.40. 14,191,110 shares of the stock were exchanged, compared to its average volume of 15,836,810. The company has a market cap of £8.05 billion, a price-to-earnings ratio of 2,852.86, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. Marks and Spencer Group has a 12-month low of GBX 319.20 and a 12-month high of GBX 417.80. The stock has a 50-day moving average of GBX 354.29 and a 200 day moving average of GBX 360.65. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00.

Insiders Place Their Bets

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