Marks and Spencer Group (LON:MKS) Given New GBX 330 Price Target at JPMorgan Chase & Co.

Marks and Spencer Group (LON:MKS) had its target price lifted by JPMorgan Chase & Co. from GBX 260 ($3.29) to GBX 330 ($4.18) in a research report released on Thursday morning, MarketBeat reports. They currently have an overweight rating on the retailer’s stock.

Other analysts have also recently issued reports about the stock. Barclays reissued an overweight rating and set a GBX 300 ($3.80) price objective on shares of Marks and Spencer Group in a research note on Tuesday, February 6th. Shore Capital reiterated a house stock rating on shares of Marks and Spencer Group in a report on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Marks and Spencer Group currently has a consensus rating of Moderate Buy and an average price target of GBX 287 ($3.63).

Marks and Spencer Group Stock Performance

LON:MKS opened at GBX 255.40 ($3.23) on Thursday. Marks and Spencer Group has a 1-year low of GBX 157.20 ($1.99) and a 1-year high of GBX 293.20 ($3.71). The firm has a market cap of £5.18 billion, a PE ratio of 1,277.00, a P/E/G ratio of 3.10 and a beta of 1.57. The firm has a 50 day simple moving average of GBX 246.98 and a 200-day simple moving average of GBX 247.65. The company has a debt-to-equity ratio of 115.61, a current ratio of 0.80 and a quick ratio of 0.42.

Marks and Spencer Group Company Profile

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.