Berenberg Bank Issues Positive Forecast for Marks and Spencer Group (LON:MKS) Stock Price

Marks and Spencer Group (LON:MKS) had its price objective boosted by Berenberg Bank from GBX 406 to GBX 412 in a report published on Thursday morning, Marketbeat reports. The brokerage currently has a hold rating on the retailer’s stock.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a research note on Tuesday, October 7th. Peel Hunt reissued a “hold” rating and issued a GBX 360 price target on shares of Marks and Spencer Group in a report on Wednesday. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday. Citigroup raised shares of Marks and Spencer Group to a “buy” rating and increased their price objective for the company from GBX 380 to GBX 440 in a research report on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marks and Spencer Group from GBX 450 to GBX 435 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 409.40.

Marks and Spencer Group Stock Down 0.2%

Shares of Marks and Spencer Group stock opened at GBX 388.25 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. The company has a market cap of £7.83 billion, a P/E ratio of 27.73, a PEG ratio of 0.20 and a beta of 1.62. The firm’s 50 day moving average price is GBX 372.72 and its 200-day moving average price is GBX 363.69. Marks and Spencer Group has a 52-week low of GBX 319.20 and a 52-week high of GBX 417.80.

Marks and Spencer Group (LON:MKS) last announced its earnings results on Wednesday, November 5th. The retailer reported GBX 6.60 earnings per share for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. On average, sell-side analysts predict that Marks and Spencer Group will post 26.0113154 EPS for the current fiscal year.

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.