Marks and Spencer Group Plc (MKS) Receives GBX 268.57 Average Price Target from Analysts

Marks and Spencer Group Plc (LON:MKS) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 268.57 ($3.51).

A number of research analysts recently issued reports on the stock. Peel Hunt restated a “buy” rating on shares of Marks and Spencer Group in a report on Wednesday, February 27th. JPMorgan Chase & Co. decreased their price objective on shares of Marks and Spencer Group from GBX 285 ($3.72) to GBX 250 ($3.27) and set an “underweight” rating for the company in a report on Thursday, January 24th. Goldman Sachs Group decreased their price objective on shares of Marks and Spencer Group from GBX 265 ($3.46) to GBX 260 ($3.40) and set a “sell” rating for the company in a report on Wednesday, December 5th. Liberum Capital restated a “sell” rating on shares of Marks and Spencer Group in a report on Monday, February 4th. Finally, HSBC restated a “hold” rating on shares of Marks and Spencer Group in a report on Thursday, January 10th.

Shares of LON:MKS opened at GBX 278.90 ($3.64) on Wednesday. The company has a market cap of $4.53 billion and a PE ratio of 154.94. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 62.77. Marks and Spencer Group has a one year low of GBX 240 ($3.14) and a one year high of GBX 316.60 ($4.14).

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.

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

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