Marks and Spencer Group plc (LON:MKS) Given Consensus Recommendation of “Buy” by Analysts

Shares of Marks and Spencer Group plc (LON:MKS) have been given a consensus recommendation of “Buy” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 322.50 ($4.26).

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

Insider Activity at Marks and Spencer Group

In related news, insider Stuart Machin sold 619,188 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of GBX 289 ($3.82), for a total transaction of £1,789,453.32 ($2,363,874.93). Company insiders own 0.88% of the company’s stock.

Marks and Spencer Group Stock Up 1.4 %

Marks and Spencer Group stock opened at GBX 374.80 ($4.95) on Monday. The firm has a market capitalization of £7.57 billion, a P/E ratio of 1,788.16, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a 50-day simple moving average of GBX 332.96 and a 200-day simple moving average of GBX 294.39. Marks and Spencer Group has a one year low of GBX 211.50 ($2.79) and a one year high of GBX 377.30 ($4.98). The company has a debt-to-equity ratio of 110.71, a quick ratio of 0.42 and a current ratio of 0.86.

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.