Marks and Spencer Group (LON:MKS) Given “Overweight” Rating at Barclays

Barclays reiterated their overweight rating on shares of Marks and Spencer Group (LON:MKSFree Report) in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have a GBX 300 ($3.76) target price on the retailer’s stock.

Several other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a GBX 310 ($3.89) price objective on shares of Marks and Spencer Group in a research note on Tuesday, November 21st. Shore Capital reissued a house stock rating on shares of Marks and Spencer Group in a research note on Thursday, January 11th. Finally, JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 260 ($3.26) price target on shares of Marks and Spencer Group in a research note on Thursday, December 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of GBX 242.86 ($3.04).

View Our Latest Stock Report on MKS

Marks and Spencer Group Stock Performance

Shares of MKS stock opened at GBX 237.80 ($2.98) on Tuesday. Marks and Spencer Group has a 12 month low of GBX 136.10 ($1.71) and a 12 month high of GBX 293.20 ($3.68). The stock has a market capitalization of £4.68 billion, a P/E ratio of 1,189.00, a PEG ratio of 2.94 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. The firm’s 50 day moving average is GBX 261.44 and its 200 day moving average is GBX 238.14.

Insider Activity

In related news, insider Stuart Machin sold 23,686 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of GBX 259 ($3.25), for a total transaction of £61,346.74 ($76,904.53). In the last 90 days, insiders acquired 174 shares of company stock valued at $44,889. Corporate insiders own 0.88% of the company’s stock.

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.

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

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