Marks and Spencer Group plc (LON:MKS) Given Consensus Recommendation of “Buy” by Analysts

Marks and Spencer Group plc (LON:MKS) has earned an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 322.50 ($4.26).

A number of equities analysts recently issued reports on the company. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 350 ($4.62) price target on shares of Marks and Spencer Group in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, June 28th.

Marks and Spencer Group Price Performance

LON MKS opened at GBX 374.80 ($4.95) on Monday. Marks and Spencer Group has a 1 year low of GBX 211.50 ($2.79) and a 1 year high of GBX 377.30 ($4.98). The business’s fifty day moving average is GBX 332.96 and its two-hundred day moving average is GBX 294.39. The stock has a market capitalization of £7.57 billion, a P/E ratio of 1,788.16, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a debt-to-equity ratio of 110.71, a quick ratio of 0.42 and a current ratio of 0.86.

Insider Activity

In related news, insider Stuart Machin sold 619,188 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of GBX 289 ($3.82), for a total value of £1,789,453.32 ($2,363,874.93). 0.88% of the stock is currently owned by corporate insiders.

About Marks and Spencer Group

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.