Shore Capital Reaffirms House Stock Rating for Marks and Spencer Group (LON:MKS)

Marks and Spencer Group (LON:MKS)‘s stock had its “house stock” rating reissued by research analysts at Shore Capital in a note issued to investors on Wednesday, Marketbeat.com reports.

MKS has been the topic of several other research reports. Barclays reaffirmed an “overweight” rating and set a GBX 300 ($3.81) price objective on shares of Marks and Spencer Group in a report on Tuesday, February 6th. Jefferies Financial Group raised Marks and Spencer Group to a “buy” rating and set a GBX 310 ($3.94) price objective on the stock in a research note on Monday, April 22nd. Royal Bank of Canada reissued an “overweight” rating and issued a GBX 315 ($4.00) price target on shares of Marks and Spencer Group in a research note on Wednesday, May 15th. Finally, JPMorgan Chase & Co. raised their price objective on Marks and Spencer Group from GBX 260 ($3.30) to GBX 330 ($4.19) and gave the company an “overweight” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Marks and Spencer Group presently has an average rating of “Moderate Buy” and an average price target of GBX 304.29 ($3.87).

Marks and Spencer Group Stock Up 1.6 %

LON MKS opened at GBX 292.60 ($3.72) on Wednesday. The company has a market capitalization of £6.00 billion, a price-to-earnings ratio of 1,393.33, a PEG ratio of 0.20 and a beta of 1.58. The company has a current ratio of 0.80, a quick ratio of 0.42 and a debt-to-equity ratio of 115.61. Marks and Spencer Group has a 1-year low of GBX 173.64 ($2.21) and a 1-year high of GBX 300.02 ($3.81). The stock’s 50 day moving average is GBX 261.14 and its two-hundred day moving average is GBX 255.90.

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.