Marks and Spencer Group’s (MKS) “Sell” Rating Reiterated at Liberum Capital

Marks and Spencer Group (LON:MKS)‘s stock had its “sell” rating restated by analysts at Liberum Capital in a research report issued on Friday, ThisIsMoney.Co.Uk reports.

MKS has been the topic of a number of other research reports. Peel Hunt lowered Marks and Spencer Group to a “hold” rating and reduced their price objective for the stock from GBX 300 ($3.92) to GBX 200 ($2.61) in a research report on Wednesday, October 2nd. HSBC increased their target price on Marks and Spencer Group from GBX 150 ($1.96) to GBX 155 ($2.03) and gave the company a “reduce” rating in a research report on Friday, November 15th. Goldman Sachs Group assumed coverage on Marks and Spencer Group in a research note on Monday, September 2nd. They set a “sell” rating and a GBX 170 ($2.22) price target on the stock. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Monday, November 25th. Finally, Societe Generale raised Marks and Spencer Group to a “hold” rating and upped their price objective for the company from GBX 179 ($2.34) to GBX 189 ($2.47) in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 214 ($2.80).

Shares of MKS opened at GBX 198.55 ($2.59) on Friday. Marks and Spencer Group has a 52 week low of GBX 161.35 ($2.11) and a 52 week high of GBX 310.30 ($4.05). The stock has a market capitalization of $3.77 billion and a price-to-earnings ratio of 39.71. The company has a debt-to-equity ratio of 145.15, a quick ratio of 0.34 and a current ratio of 0.74. The stock has a fifty day moving average of GBX 188.53 and a 200-day moving average of GBX 202.10.

In related news, insider Archie Norman purchased 55,000 shares of Marks and Spencer Group stock in a transaction on Thursday, September 26th. The shares were purchased 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.

Read More: How does equity income fit into an investing strategy?

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

Receive News & Ratings for Marks and Spencer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit