Marks and Spencer Group (LON:MKS) Given Neutral Rating at UBS Group

UBS Group reissued their neutral rating on shares of Marks and Spencer Group (LON:MKS) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 205 ($2.68) price target on the retailer’s stock, down from their previous price target of GBX 239 ($3.12).

Several other analysts have also weighed in on the company. Goldman Sachs Group started coverage on Marks and Spencer Group in a report on Monday, September 2nd. They issued a sell rating and a GBX 170 ($2.22) target price on the stock. Barclays reaffirmed an overweight rating and set a GBX 290 ($3.79) price objective on shares of Marks and Spencer Group in a research note on Monday, August 12th. JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 230 ($3.01) price objective (down previously from GBX 250 ($3.27)) on shares of Marks and Spencer Group in a research note on Thursday, May 23rd. Morgan Stanley reaffirmed an equal weight rating and set a GBX 230 ($3.01) price objective on shares of Marks and Spencer Group in a research note on Monday, August 5th. Finally, Credit Suisse Group decreased their price objective on Marks and Spencer Group from GBX 250 ($3.27) to GBX 232 ($3.03) and set an underperform rating on the stock in a research note on Thursday, May 23rd. Eight equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 239.38 ($3.13).

Marks and Spencer Group stock opened at GBX 200.20 ($2.62) on Thursday. The company has a debt-to-equity ratio of 66.87, a quick ratio of 0.27 and a current ratio of 0.67. The firm has a market capitalization of $3.90 billion and a price-to-earnings ratio of 95.33. Marks and Spencer Group has a fifty-two week low of GBX 179.70 ($2.35) and a fifty-two week high of GBX 315 ($4.12). The stock’s fifty day moving average is GBX 194.65 and its two-hundred day moving average is GBX 239.39.



In other news, insider Steve Rowe sold 15,873 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of GBX 205 ($2.68), for a total value of £32,539.65 ($42,518.82).

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.

Featured Article: Trading Strategy Methods for Individual Investors

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

Receive News & Ratings for Marks and Spencer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group and related companies with MarketBeat.com's FREE daily email newsletter.