Marks & Spencer Group Stock Rating Upgraded by N+1 Singer (MKS)
Marks & Spencer Group (LON:MKS) was upgraded by equities research analysts at N+1 Singer to a “buy” rating in a research note issued to investors on Tuesday, Analyst Ratings.Net reports. The firm currently has a GBX 650 ($10.16) target price on the stock, up from their previous target price of GBX 462 ($7.22). N+1 Singer’s price target suggests a potential upside of 29.87% from the company’s current price.
A number of other analysts have also recently weighed in on MKS. Analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of Marks & Spencer Group (LON:MKS) in a research note to investors on Tuesday. They now have a GBX 445 ($6.96) price target on the stock. Separately, 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). Finally, 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.
Nine analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Marks & Spencer Group presently has a consensus rating of “Hold” and an average price target of GBX 464.78 ($7.27).
Shares of Marks & Spencer Group (LON:MKS) traded up 2.00% on Tuesday, hitting GBX 510.50. The stock had a trading volume of 3,816,234 shares. Marks & Spencer Group has a 1-year low of GBX 340.00 and a 1-year 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.
Marks and Spencer Group plc is a United Kingdom retailer. The Company is the holding company of the Marks & Spencer Group of companies.
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