Goldman Sachs Remains a Buy on Marks and Spencer (MKS)

Goldman Sachs analyst Richard Edwards maintained a Buy rating on Marks and Spencer on October 9 and set a price target of p445.00. The company’s shares closed last Friday at p387.20.

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According to TipRanks, Edwards is an analyst with an average return of -4.2% and a 47.04% success rate. Edwards covers the Consumer Cyclical sector, focusing on stocks such as PUMA SE NPV, Next plc, and Zalando.

Currently, the analyst consensus on Marks and Spencer is a Strong Buy with an average price target of p423.00.

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.