Marks and Spencer Group (LON:MKS) Hits New 1-Year High – Still a Buy?

Marks and Spencer Group plc (LON:MKS)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 387.60 ($5.06) and last traded at GBX 386.80 ($5.05), with a volume of 13119929 shares changing hands. The stock had previously closed at GBX 382.60 ($5.00).

Wall Street Analyst Weigh In

MKS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 350 ($4.57) price objective on shares of Marks and Spencer Group in a research note on Friday, June 28th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, June 28th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 327 ($4.27).

Marks and Spencer Group Stock Down 0.6 %

The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 110.71. The firm has a market cap of £7.90 billion, a PE ratio of 1,873.33, a PEG ratio of 0.20 and a beta of 1.62. The firm has a 50 day moving average price of GBX 349.95 and a 200-day moving average price of GBX 307.77.

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.