Liberum Capital restated their sell rating on shares of Marks and Spencer Group (LON:MKS) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently weighed in on MKS. Royal Bank of Canada dropped their target price on Marks and Spencer Group from GBX 250 ($3.27) to GBX 225 ($2.94) and set a sector performer rating for the company in a research report on Tuesday. Jefferies Financial Group downgraded Marks and Spencer Group to a hold rating and dropped their target price for the stock from GBX 310 ($4.05) to GBX 280 ($3.66) in a research report on Tuesday, April 9th. JPMorgan Chase & Co. restated an underweight rating and set a GBX 230 ($3.01) target price (down previously from GBX 250 ($3.27)) on shares of Marks and Spencer Group in a research report on Thursday, May 23rd. Barclays dropped their target price on Marks and Spencer Group from GBX 320 ($4.18) to GBX 290 ($3.79) and set an overweight rating for the company in a research report on Tuesday, June 25th. Finally, Credit Suisse Group downgraded Marks and Spencer Group to an underperform rating and dropped their target price for the stock from GBX 315 ($4.12) to GBX 250 ($3.27) in a research report on Thursday, April 11th. Seven analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 251.55 ($3.29).
MKS stock opened at GBX 213.10 ($2.78) on Tuesday. The company has a market capitalization of $4.16 billion and a P/E ratio of 101.48. Marks and Spencer Group has a twelve month low of GBX 203.10 ($2.65) and a twelve month high of GBX 316.60 ($4.14). The company has a current ratio of 0.67, a quick ratio of 0.34 and a debt-to-equity ratio of 66.87. The business’s fifty day moving average price is GBX 226.01.
In related news, insider Katie Bickerstaffe acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of GBX 249 ($3.25) per share, with a total value of £4,980 ($6,507.25). Also, insider Steve Rowe sold 15,873 shares of Marks and Spencer Group stock in a transaction on Monday, June 24th. The stock was sold at an average price of GBX 205 ($2.68), for a total value of £32,539.65 ($42,518.82).
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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