Barclays reaffirmed their overweight rating on shares of Marks and Spencer Group (LON:MKS) in a research report report published on Friday, September 20th, Digital Look reports. Barclays currently has a GBX 290 ($3.79) price target on the retailer’s stock.
A number of other research analysts also recently commented on MKS. Morgan Stanley reaffirmed an equal weight rating and issued a GBX 230 ($3.01) price target on shares of Marks and Spencer Group in a research note on Monday, August 5th. Berenberg Bank restated a sell rating and set a GBX 250 ($3.27) price target on shares of Marks and Spencer Group in a report on Tuesday, July 30th. Credit Suisse Group reduced their price target on Marks and Spencer Group from GBX 250 ($3.27) to GBX 232 ($3.03) and set an underperform rating on the stock in a report on Thursday, May 23rd. Shore Capital restated a house stock rating on shares of Marks and Spencer Group in a report on Friday, September 13th. Finally, Liberum Capital restated a sell rating on shares of Marks and Spencer Group in a report on Tuesday, July 9th. Eight analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Marks and Spencer Group currently has an average rating of Hold and an average target price of GBX 239.38 ($3.13).
MKS opened at GBX 188 ($2.46) on Friday. The company has a market capitalization of $3.67 billion and a P/E ratio of 89.52. The stock has a fifty day moving average of GBX 190.90 and a 200-day moving average of GBX 233.04. Marks and Spencer Group has a fifty-two week low of GBX 179.70 ($2.35) and a fifty-two week high of GBX 315 ($4.12). The company has a debt-to-equity ratio of 66.87, a quick ratio of 0.27 and a current ratio of 0.67.
In other news, insider Archie Norman purchased 55,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was bought at an average price of GBX 180 ($2.35) per share, for a total transaction of £99,000 ($129,361.03).
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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