Marks & Spencer Group Receives “Buy” Rating from Bank of America Corp. (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “buy” rating restated by stock analysts at Bank of America Corp. in a report issued on Monday, Analyst Ratings Network.com reports. They currently have a GBX 525 ($8.41) price target on the stock. Bank of America Corp.’s price objective suggests a potential upside of 5.00% from the stock’s previous close.
Marks & Spencer Group (LON:MKS) traded down 0.70% on Monday, hitting GBX 500.00. 1,832,752 shares of the company’s stock traded hands. Marks & Spencer Group has a one year low of GBX 340.00 and a one year high of GBX 520.50. The stock’s 50-day moving average is GBX 483.7 and its 200-day moving average is GBX 441.1. The company’s market cap is £8.029 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of Marks & Spencer Group (LON:MKS) in a research note to investors on Friday. They now have a GBX 445 ($7.13) price target on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Marks & Spencer Group (LON:MKS) in a research note to investors on Wednesday, September 18th. They now have a GBX 650 ($10.41) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Marks & Spencer Group (LON:MKS) in a research note to investors on Thursday, September 12th. They now have a GBX 581 ($9.31) price target on the stock.
Nine equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 473.69 ($7.59).
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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