Marks and Spencer Group (LON:MKS – Get Free Report) had its target price upped by analysts at Deutsche Bank Aktiengesellschaft from GBX 435 to GBX 470 in a report issued on Friday, Digital Look reports. The firm currently has a “buy” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft‘s price target indicates a potential upside of 9.89% from the company’s previous close.
Several other research analysts have also weighed in on MKS. Jefferies Financial Group reissued a “buy” rating and issued a GBX 500 price objective on shares of Marks and Spencer Group in a research report on Thursday. Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday. Citigroup upped their target price on Marks and Spencer Group from GBX 390 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. raised Marks and Spencer Group to an “overweight” rating and raised their target price for the stock from GBX 440 to GBX 450 in a research note on Tuesday, July 21st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 480 target price on shares of Marks and Spencer Group in a report on Thursday, September 17th. Six investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 465.83.
Get Our Latest Stock Report on MKS
Marks and Spencer Group Stock Performance
Shares of MKS opened at GBX 427.70 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.42 and a debt-to-equity ratio of 11.77. The firm’s fifty day simple moving average is GBX 394.48 and its two-hundred day simple moving average is GBX 374.44. Marks and Spencer Group has a 12 month low of GBX 301.10 and a 12 month high of GBX 452.80. The stock has a market capitalization of £8.85 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 0.20 and a beta of 1.00.
More Marks and Spencer Group News
Here are the key news stories impacting Marks and Spencer Group this week:
- Positive Sentiment: Food sales grew 11.7% in the half year and reported profit more than doubled, providing the clearest fundamental support for the shares. Marks & Spencer Reports 11.7% Food Sales Growth as Half-Year Profit More Than Doubles
- Positive Sentiment: Jefferies reaffirmed its “buy” rating and GBX 500 price target, saying the retailer’s rebound is taking shape. Marks & Spencer: Rebound Takes Shape, Jefferies Says Buy
- Neutral Sentiment: Broker views are divided, with food strength offset by concerns about clothing performance. Marks & Spencer brokers split as food strength offsets clothing concerns
- Neutral Sentiment: Shore Capital maintained its “house stock” rating, offering no clear change in its stance. Shore Capital recommendations
- Negative Sentiment: Clothing concerns remain a risk, tempering the positive read-through from food sales and earnings growth. Marks & Spencer brokers split as food strength offsets clothing concerns
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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