Marks and Spencer Group (LON:MKS) Stock Rating Reaffirmed by JPMorgan Chase & Co.

Marks and Spencer Group (LON:MKS)‘s stock had its “overweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday, MarketBeat reports.

A number of other research firms also recently issued reports on MKS. Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, May 30th. Jefferies Financial Group upgraded shares of Marks and Spencer Group to a “buy” rating and set a GBX 310 ($3.93) price objective on the stock in a report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 350 ($4.44) target price on shares of Marks and Spencer Group in a research note on Friday. Finally, Royal Bank of Canada reissued an “overweight” rating and issued a GBX 315 ($4.00) target price on shares of Marks and Spencer Group in a research note on Wednesday, May 15th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 322.50 ($4.09).

Marks and Spencer Group Price Performance

LON MKS opened at GBX 286.50 ($3.63) on Friday. The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 115.61. Marks and Spencer Group has a 12-month low of GBX 183.80 ($2.33) and a 12-month high of GBX 314 ($3.98). The company has a market capitalization of £5.87 billion, a PE ratio of 1,364.29, a price-to-earnings-growth ratio of 0.20 and a beta of 1.58. The firm’s 50 day moving average is GBX 284.68 and its 200-day moving average is GBX 264.96.

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.