Marks and Spencer Group (LON:MKS)‘s stock had its “sell” rating reaffirmed by equities research analysts at Berenberg Bank in a report issued on Tuesday, LSE.Co.UK reports. They presently have a GBX 250 ($3.27) price target on the retailer’s stock. Berenberg Bank’s target price would indicate a potential upside of 19.45% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Shore Capital reaffirmed a “house stock” rating on shares of in a research note on Friday, July 12th. Numis Securities reaffirmed a “buy” rating on shares of 3i Group in a research note on Thursday, May 16th. Liberum Capital increased their price target on shares of from GBX 620 ($8.10) to GBX 640 ($8.36) and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Credit Suisse Group raised shares of Vipshop from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of National Grid from GBX 1,000 ($13.07) to GBX 960 ($12.54) and set an “overweight” rating for the company in a research note on Thursday, May 23rd. Eight investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 251.42 ($3.29).

Shares of MKS traded down GBX 2.90 ($0.04) during mid-day trading on Tuesday, reaching GBX 209.30 ($2.73). 5,000,784 shares of the stock traded hands, compared to its average volume of 7,590,000. The business has a fifty day simple moving average of GBX 210.77. The firm has a market cap of $4.07 billion and a P/E ratio of 99.67. The company has a current ratio of 0.67, a quick ratio of 0.34 and a debt-to-equity ratio of 66.87. Marks and Spencer Group has a 1 year low of GBX 203.10 ($2.65) and a 1 year high of GBX 315 ($4.12).

In other news, insider Humphrey Singer purchased 22,500 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average price of GBX 220 ($2.87) per share, for a total transaction of £49,500 ($64,680.52). Also, insider Steve Rowe sold 15,873 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of GBX 205 ($2.68), for a total transaction of £32,539.65 ($42,518.82).

Marks and Spencer Group Company Profile

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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