Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for Marks and Spencer Group (LON:MKS)

Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating restated by analysts at Deutsche Bank Aktiengesellschaft in a report released on Friday, Marketbeat.com reports. They presently have a GBX 350 ($4.44) price objective on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 22.16% from the stock’s current price.

A number of other brokerages have also commented on MKS. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 360 ($4.57) target price on shares of Marks and Spencer Group in a research report on Thursday, May 23rd. Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, May 30th. Royal Bank of Canada reaffirmed an “overweight” rating and issued a GBX 315 ($4.00) price target on shares of Marks and Spencer Group in a report on Wednesday, May 15th. Finally, Jefferies Financial Group upgraded Marks and Spencer Group to a “buy” rating and set a GBX 310 ($3.93) price objective for the company in a research note on Monday, April 22nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Marks and Spencer Group currently has an average rating of “Buy” and an average target price of GBX 322.50 ($4.09).

Marks and Spencer Group Stock Performance

Shares of MKS opened at GBX 286.50 ($3.63) on Friday. The company has a debt-to-equity ratio of 115.61, a quick ratio of 0.42 and a current ratio of 0.80. The stock has a 50-day moving average of GBX 284.68 and a two-hundred day moving average of GBX 264.96. The stock has a market cap of £5.87 billion, a P/E ratio of 1,364.29, a P/E/G ratio of 0.20 and a beta of 1.58. Marks and Spencer Group has a one year low of GBX 183.80 ($2.33) and a one year high of GBX 314 ($3.98).

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.