J.P. Morgan Reaffirms Their Buy Rating on Marks and Spencer (MKS)

J.P. Morgan analyst reiterated a Buy rating on Marks and Spencer today. The company’s shares closed today at p380.30.

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Currently, the analyst consensus on Marks and Spencer is a Strong Buy with an average price target of p418.67, implying a 10.09% upside from current levels. In a report released on September 19, TR | OpenAI – 4o also upgraded the stock to a Buy with a p397.00 price target.

Based on Marks and Spencer’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p7.34 billion and a net profit of p13.6 million. In comparison, last year the company earned a revenue of p6.91 billion and had a net profit of p223.2 million

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MKS in relation to earlier this year.