Marks and Spencer Group (LON:MKS – Get Rating)’s stock had its “overweight” rating reissued by Barclays in a research report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 155 ($1.83) price objective on the retailer’s stock. Barclays’s target price would indicate a potential upside of 22.19% from the company’s previous close.
Several other research analysts also recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Marks and Spencer Group from GBX 120 ($1.42) to GBX 100 ($1.18) and set a “neutral” rating for the company in a research report on Thursday, October 13th. Jefferies Financial Group cut their price objective on Marks and Spencer Group from GBX 170 ($2.01) to GBX 115 ($1.36) and set a “hold” rating for the company in a research report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 145 ($1.71) price objective on shares of Marks and Spencer Group in a research report on Thursday, November 10th. Finally, Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, November 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 147.17 ($1.74).
Marks and Spencer Group Price Performance
MKS stock opened at GBX 126.85 ($1.50) on Thursday. The firm has a 50 day moving average of GBX 108.60 and a 200-day moving average of GBX 126.68. Marks and Spencer Group has a 12-month low of GBX 91.56 ($1.08) and a 12-month high of GBX 263 ($3.11). The company has a current ratio of 0.88, a quick ratio of 0.42 and a debt-to-equity ratio of 122.67. The company has a market cap of £2.49 billion and a price-to-earnings ratio of 846.33.
About Marks and Spencer Group
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.