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

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.

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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.

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About Marks and Spencer Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Marks and Spencer Group (LON:MKS)

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