Marks and Spencer Group plc (LON:MKS – Get Free Report) shares reached a new 52-week high during mid-day trading 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 changing hands. The stock had previously closed at GBX 410.60.
Analysts Set New Price Targets
Several brokerages have commented on MKS. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a research report on Thursday, August 13th. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, July 16th. 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. Citigroup boosted their target price on shares of Marks and Spencer Group from GBX 390 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. upgraded shares of Marks and Spencer Group to an “overweight” rating and upped their price target for the stock from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Marks and Spencer Group has an average rating of “Moderate Buy” and a consensus target price of GBX 432.50.
Check Out Our Latest Stock Report on MKS
Marks and Spencer Group Trading Up 2.2%
The firm has a market capitalization of £8.69 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 0.20 and a beta of 1.00. The stock’s 50-day moving average price is GBX 385.84 and its 200 day moving average price is GBX 371.06. The company has a debt-to-equity ratio of 111.89, a current ratio of 0.86 and a quick ratio of 0.42.
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. 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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