Marks and Spencer Group plc (LON:MKS) Receives Consensus Rating of “Moderate Buy” from Analysts

Posted by Faye Duncan on Apr 24th, 2024

Marks and Spencer Group plc (LON:MKS – Get Free Report) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 290.83 ($3.59).

MKS has been the topic of several research reports. Jefferies Financial Group upgraded shares of Marks and Spencer Group to a “buy” rating and set a GBX 310 ($3.83) price target on the stock in a research report on Monday. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, April 11th. Barclays reaffirmed an “overweight” rating and issued a GBX 300 ($3.71) price target on shares of Marks and Spencer Group in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. increased their price objective on Marks and Spencer Group from GBX 260 ($3.21) to GBX 330 ($4.08) and gave the company an “overweight” rating in a research report on Thursday, April 11th.

View Our Latest Analysis on MKS

Marks and Spencer Group Stock Down 0.5 %

MKS opened at GBX 261.70 ($3.23) on Friday. The company has a debt-to-equity ratio of 115.61, a quick ratio of 0.42 and a current ratio of 0.80. The company has a market capitalization of £5.31 billion, a PE ratio of 1,314.50, a P/E/G ratio of 3.10 and a beta of 1.57. The stock’s fifty day moving average is GBX 248.20 and its 200-day moving average is GBX 248.54. Marks and Spencer Group has a one year low of GBX 157.20 ($1.94) and a one year high of GBX 293.20 ($3.62).

About Marks and Spencer Group

(Get Free Report

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.