Marks and Spencer Group’s (MKS) “Reduce” Rating Reiterated at Numis Securities

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Numis Securities restated their reduce rating on shares of Marks and Spencer Group (LON:MKS) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages have also recently issued reports on MKS. Peel Hunt restated a buy rating on shares of Marks and Spencer Group in a research note on Wednesday, February 27th. JPMorgan Chase & Co. reduced their price objective on Marks and Spencer Group from GBX 285 ($3.72) to GBX 250 ($3.27) and set an underweight rating for the company in a research note on Thursday, January 24th. Liberum Capital restated a sell rating on shares of Marks and Spencer Group in a research note on Monday, February 4th. Credit Suisse Group restated an underperform rating on shares of Marks and Spencer Group in a research note on Monday, April 29th. Finally, Royal Bank of Canada raised their price objective on Marks and Spencer Group from GBX 270 ($3.53) to GBX 280 ($3.66) and gave the stock a sector performer rating in a research note on Wednesday, April 17th. Seven equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 275.38 ($3.60).

Shares of LON:MKS opened at GBX 267.80 ($3.50) on Thursday. Marks and Spencer Group has a 52-week low of GBX 240 ($3.14) and a 52-week high of GBX 316.60 ($4.14). The stock has a market capitalization of $4.35 billion and a PE ratio of 148.78. The company has a debt-to-equity ratio of 62.77, a current ratio of 0.73 and a quick ratio of 0.26.

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.

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

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