Marks and Spencer Group’s (MKS) Buy Rating Reaffirmed at Citigroup

Citigroup reissued their buy rating on shares of Marks and Spencer Group (LON:MKS) in a report published on Monday morning, Digital Look reports. Citigroup currently has a GBX 330 ($4.31) price objective on the retailer’s stock.

A number of other research analysts have also recently weighed in on MKS. JPMorgan Chase & Co. dropped their price target on Marks and Spencer Group from GBX 285 ($3.72) to GBX 250 ($3.27) and set an underweight rating for the company in a research report on Thursday, January 24th. Liberum Capital restated a sell rating on shares of Marks and Spencer Group in a research report on Monday, February 4th. Peel Hunt restated a buy rating on shares of Marks and Spencer Group in a research report on Wednesday, February 27th. Barclays dropped their price target on Marks and Spencer Group from GBX 370 ($4.83) to GBX 335 ($4.38) and set an overweight rating for the company in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada dropped their price target on Marks and Spencer Group from GBX 300 ($3.92) to GBX 270 ($3.53) and set a sector performer rating for the company in a research report on Monday, March 11th. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 275.38 ($3.60).

Shares of MKS stock opened at GBX 266.30 ($3.48) on Monday. Marks and Spencer Group has a fifty-two week low of GBX 240 ($3.14) and a fifty-two week high of GBX 316.60 ($4.14). The firm has a market capitalization of $4.32 billion and a PE ratio of 147.94. The company has a debt-to-equity ratio of 62.77, a current ratio of 0.73 and a quick ratio of 0.26.

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.

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

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