JPMorgan Chase & Co. upgraded shares of Marks and Spencer Group (LON:MKS) to a neutral rating in a report issued on Friday, Stock Target Advisor reports. JPMorgan Chase & Co. currently has GBX 200 ($2.63) price target on the retailer’s stock, up from their prior price target of GBX 165 ($2.17).
Several other equities analysts also recently issued reports on MKS. Liberum Capital reissued a sell rating on shares of Marks and Spencer Group in a research note on Friday. 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 ($2.24) price target for the company. Barclays cut their price target on Marks and Spencer Group from GBX 290 ($3.81) to GBX 265 ($3.49) and set an overweight rating for the company in a report on Friday, November 15th. Credit Suisse Group reissued an underperform rating on shares of Marks and Spencer Group in a research note on Friday, November 8th. Finally, Peel Hunt cut Marks and Spencer Group to a hold rating and decreased their price objective for the stock from GBX 300 ($3.95) to GBX 200 ($2.63) in a report on Wednesday, October 2nd. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 212 ($2.79).
Shares of LON MKS opened at GBX 204.80 ($2.69) on Friday. The company has a market cap of $4.06 billion and a PE ratio of 40.96. Marks and Spencer Group has a 12 month low of GBX 161.35 ($2.12) and a 12 month high of GBX 306.20 ($4.03). The company has a debt-to-equity ratio of 145.15, a current ratio of 0.74 and a quick ratio of 0.34. The company has a 50-day simple moving average of GBX 188.74 and a 200-day simple moving average of GBX 200.73.
In other news, insider Archie Norman bought 55,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average cost of GBX 180 ($2.37) per share, with a total value of £99,000 ($130,228.89).
Marks and Spencer Group Company Profile
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.
Read More: Index Funds
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.