Marks and Spencer Group's (MKS) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• Marks and Spencer Group's stock maintains a strong "overweight" rating from JPMorgan Chase & Co., reflecting positive analyst sentiment.
• The stock has experienced a price increase of 1.2% recently, trading at GBX 379.47, with significant trading volume of over 22 million shares.
• Analysts have varied price targets for the stock, with a consensus target of GBX 425, highlighting ongoing investment interest in the company.

Marks and Spencer Group (LON:MKS - Get Free Report)'s stock had its "overweight" rating reissued by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, Marketbeat.com reports.

MKS has been the topic of several other research reports. Shore Capital reiterated a "house stock" rating on shares of Marks and Spencer Group in a report on Monday, September 22nd. Citigroup upgraded Marks and Spencer Group to a "buy" rating and lifted their price objective for the stock from GBX 380 to GBX 440 in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft decreased their target price on Marks and Spencer Group from GBX 450 to GBX 435 and set a "buy" rating for the company in a research note on Tuesday, August 26th. Finally, Royal Bank Of Canada cut their price target on 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 425.

Marks and Spencer Group Stock Up 1.2%

LON MKS traded up GBX 4.47 during trading on Tuesday, reaching GBX 379.47. The company's stock had a trading volume of 22,667,469 shares, compared to its average volume of 16,093,566. 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 stock has a market capitalization of £7.65 billion, a PE ratio of 2,710.51, a PEG ratio of 0.20 and a beta of 1.62. Marks and Spencer Group has a 1-year low of GBX 319.20 and a 1-year high of GBX 417.80. The business has a 50-day moving average price of GBX 349.99 and a 200-day moving average price of GBX 359.04.

Insider Transactions at Marks and Spencer Group

In other Marks and Spencer Group news, insider Alison Dolan sold 116,632 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was 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 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. 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.

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