Marks and Spencer Group (LON:MKS) Hits New 1-Year High - What's Next?

Key Points

• Marks and Spencer Group reached a new 52-week high of GBX 419, closing around GBX 418.82 after heavy trading volume of roughly 176.5 million shares.
• Analyst sentiment remains positive: six analysts rate the stock a Buy and two rate it Hold, resulting in a “Moderate Buy” consensus and an average price target of GBX 432.50.
• Recent targets range from GBX 435 to GBX 480, while the stock’s market capitalization stands at approximately £8.69 billion and its P/E ratio is 34.13.

Marks and Spencer Group plc (LON:MKS - Get Free Report) hit a new 52-week high on Monday. The company traded as high as GBX 419 and last traded at GBX 418.82, with a volume of 176,483,344 shares traded. The stock had previously closed at GBX 410.60.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Shore Capital Group restated a "house stock" rating on shares of Marks and Spencer Group in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a research note on Thursday, August 13th. Citigroup increased their target price on Marks and Spencer Group from GBX 390 to GBX 470 and gave the stock a "buy" rating in a research report on Tuesday, August 25th. Berenberg Bank reissued a "buy" rating and set a GBX 480 target price on shares of Marks and Spencer Group in a research note on Thursday, September 17th. Finally, JPMorgan Chase & Co. upgraded Marks and Spencer Group to an "overweight" rating and upped their price target for the stock from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 432.50.

Marks and Spencer Group Price Performance

The company has a debt-to-equity ratio of 111.89, a quick ratio of 0.42 and a current ratio of 0.86. The company has a market capitalization of £8.69 billion, a P/E ratio of 34.13, a P/E/G ratio of 0.20 and a beta of 1.00. The firm's fifty day moving average is GBX 385.84 and its 200 day moving average is GBX 371.06.

About Marks and Spencer Group

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. We do this through a network of stores and websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year.

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