Marks and Spencer Group (LON:MKS) Cut to Sector perform at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Marks and Spencer Group (LON:MKS) to a sector perform rating in a research report report published on Monday, MarketBeat.com reports. Royal Bank Of Canada currently has GBX 400 price objective on the retailer’s stock, up from their previous price objective of GBX 375.

A number of other equities analysts also recently weighed in on the company. Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft dropped 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 note on Tuesday, August 26th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research note on Tuesday, October 7th. Finally, Citigroup raised shares of Marks and Spencer Group to a “buy” rating and upped their price target for the stock from GBX 380 to GBX 440 in a research note on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Marks and Spencer Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 425.

Marks and Spencer Group Stock Up 1.9%

LON:MKS opened at GBX 405.90 on Monday. The business’s fifty day moving average price is GBX 362.84 and its 200 day moving average price is GBX 362.56. The firm has a market capitalization of £8.18 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 0.20 and a beta of 1.62. The company has a current ratio of 0.82, a quick ratio of 0.42 and a debt-to-equity ratio of 95.00. Marks and Spencer Group has a 1-year low of GBX 319.20 and a 1-year high of GBX 417.80.

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.