Marks and Spencer Group plc (LON:MKS – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 418.57.
MKS has been the subject of several recent analyst reports. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 target price on shares of Marks and Spencer Group in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 435 target price on shares of Marks and Spencer Group in a report on Thursday. UBS Group reaffirmed a “buy” rating and issued a GBX 425 target price on shares of Marks and Spencer Group in a report on Monday, May 18th. Finally, Citigroup decreased their target price on shares of Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating for the company in a report on Friday.
Get Our Latest Analysis on Marks and Spencer Group
Marks and Spencer Group Stock Performance
Marks and Spencer Group (LON:MKS – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. The company had revenue of GBX 1,727.36 billion during the quarter. As a group, sell-side analysts expect that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.
Insider Transactions at Marks and Spencer Group
In other Marks and Spencer Group news, insider Alison Dolan sold 85,000 shares of Marks and Spencer Group stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total value of £305,150. Company insiders own 0.50% of the company’s stock.
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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