Marks and Spencer Group (LON:MKS) Price Target Cut to GBX 165

Marks and Spencer Group (LON:MKSGet Rating) had its target price trimmed by Deutsche Bank Aktiengesellschaft from GBX 185 ($2.33) to GBX 165 ($2.08) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a hold rating on the retailer’s stock.

Several other equities research analysts also recently commented on the stock. Shore Capital reaffirmed a house stock rating on shares of Marks and Spencer Group in a research note on Monday, May 23rd. Morgan Stanley reiterated an equal weight rating on shares of Marks and Spencer Group in a report on Friday, March 25th. Berenberg Bank reduced their price target on shares of Marks and Spencer Group from GBX 265 ($3.33) to GBX 215 ($2.71) and set a buy rating for the company in a report on Thursday, April 14th. Barclays reiterated an overweight rating and issued a GBX 215 ($2.71) price target on shares of Marks and Spencer Group in a report on Thursday, May 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Marks and Spencer Group from GBX 205 ($2.58) to GBX 180 ($2.27) and set a neutral rating for the company in a report on Thursday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Marks and Spencer Group has an average rating of Buy and a consensus target price of GBX 209.88 ($2.64).

Shares of LON:MKS opened at GBX 149.85 ($1.89) on Wednesday. Marks and Spencer Group has a 52 week low of GBX 127 ($1.60) and a 52 week high of GBX 263 ($3.31). The company has a debt-to-equity ratio of 130.51, a quick ratio of 0.60 and a current ratio of 0.92. The company has a market capitalization of £2.94 billion and a PE ratio of 9.92. The company has a 50 day moving average price of GBX 146.89 and a two-hundred day moving average price of GBX 190.08.

Marks and Spencer Group Company Profile (Get Rating)

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.

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