Marks and Spencer Group plc (LON:MKS – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 453.10 and last traded at GBX 452.50, with a volume of 9,295,127 shares traded. The stock had previously closed at GBX 437.60.
Analysts Set New Price Targets
A number of brokerages have commented on MKS. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 500 price objective on shares of Marks and Spencer Group in a research report on Thursday, November 5th. JPMorgan Chase & Co. upgraded Marks and Spencer Group to an “overweight” rating and boosted their target price for the stock from GBX 440 to GBX 450 in a research report on Tuesday, July 21st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 480 price target on shares of Marks and Spencer Group in a research note on Thursday, September 17th. Citigroup raised their price target on Marks and Spencer Group from GBX 390 to GBX 470 and gave the company a “buy” rating in a report on Tuesday, August 25th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, November 4th. Six research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 465.83.
Get Our Latest Research Report on MKS
Marks and Spencer Group Price Performance
The company has a debt-to-equity ratio of 108.12, a quick ratio of 0.42 and a current ratio of 0.87. The company has a 50-day moving average price of GBX 398.67 and a 200-day moving average price of GBX 376.13. The firm has a market capitalization of £9.55 billion, a P/E ratio of 37.53, a price-to-earnings-growth ratio of 0.20 and a beta of 1.00.
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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