Marks and Spencer Group (LON:MKS) Lifted to “Buy” at Jefferies Financial Group

Marks and Spencer Group (LON:MKS) was upgraded by equities researchers at Jefferies Financial Group to a “buy” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has a GBX 310 ($3.83) price objective on the retailer’s stock. Jefferies Financial Group’s target price points to a potential upside of 17.92% from the stock’s previous close.

MKS has been the subject of a number of other reports. Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, April 11th. JPMorgan Chase & Co. raised their price objective on Marks and Spencer Group from GBX 260 ($3.21) to GBX 330 ($4.08) and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Barclays restated an “overweight” rating and set a GBX 300 ($3.71) price objective on shares of Marks and Spencer Group in a report on Tuesday, February 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Marks and Spencer Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 290.83 ($3.59).

Marks and Spencer Group Price Performance

LON:MKS opened at GBX 262.90 ($3.25) on Monday. Marks and Spencer Group has a 1 year low of GBX 157.20 ($1.94) and a 1 year high of GBX 293.20 ($3.62). The company has a debt-to-equity ratio of 115.61, a current ratio of 0.80 and a quick ratio of 0.42. The firm has a market capitalization of £5.34 billion, a price-to-earnings ratio of 1,314.50, a PEG ratio of 3.10 and a beta of 1.57. The business has a 50 day simple moving average of GBX 248.20 and a 200-day simple moving average of GBX 248.54.

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.