Brokerages Set Marks and Spencer Group plc (LON:MKS) Price Target at GBX 322.50

Shares of Marks and Spencer Group plc (LON:MKS) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 322.50 ($4.26).

Several research analysts have weighed in on MKS shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 350 ($4.62) price objective on shares of Marks and Spencer Group in a report on Friday, June 28th. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, June 28th.

Insider Activity

In other Marks and Spencer Group news, insider Stuart Machin sold 619,188 shares of Marks and Spencer Group stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of GBX 289 ($3.82), for a total transaction of £1,789,453.32 ($2,363,874.93). 0.88% of the stock is currently owned by corporate insiders.

Marks and Spencer Group Price Performance

Shares of LON:MKS opened at GBX 367.40 ($4.85) on Monday. Marks and Spencer Group has a twelve month low of GBX 211.50 ($2.79) and a twelve month high of GBX 373.40 ($4.93). The stock’s 50 day moving average is GBX 328.52 and its 200-day moving average is GBX 291.54. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 110.71. The firm has a market capitalization of £7.42 billion, a price-to-earnings ratio of 1,749.52, a PEG ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group Company Profile

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.