Cantor Fitzgerald Reiterates Sell Rating for Marks & Spencer Group (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “sell” rating reiterated by equities researchers at Cantor Fitzgerald in a research report issued on Tuesday, Analyst Ratings.Net reports. They currently have a GBX 445 ($6.96) target price on the stock. Cantor Fitzgerald’s target price points to a potential downside of 11.09% from the stock’s previous close.
Shares of Marks & Spencer Group (LON:MKS) traded up 2.00% during mid-day trading on Tuesday, hitting GBX 510.50. 3,816,234 shares of the company’s stock traded hands. Marks & Spencer Group has a 52 week low of GBX 340.00 and a 52 week high of GBX 502.50. The stock has a 50-day moving average of GBX 476.3 and a 200-day moving average of GBX 433.5. The company’s market cap is £8.198 billion.
Several other analysts have also recently commented on the stock. Analysts at HSBC upgraded shares of Marks & Spencer Group (LON:MKS) to an “overweight” rating in a research note to investors on Thursday, September 5th. They now have a GBX 550 ($8.60) price target on the stock, up previously from GBX 490 ($7.66). Separately, analysts at Barclays Capital reiterated an “underweight” rating on shares of Marks & Spencer Group (LON:MKS) in a research note to investors on Wednesday, September 4th. They now have a GBX 350 ($5.47) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Marks & Spencer Group (LON:MKS) in a research note to investors on Wednesday, September 4th. They now have a GBX 535 ($8.36) price target on the stock.
Nine analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 464.78 ($7.27).
Marks and Spencer Group plc is a United Kingdom retailer. The Company is the holding company of the Marks & Spencer Group of companies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.