Credit Suisse Reiterates “Underperform” Rating for Marks & Spencer Group (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “underperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 425 ($6.82) price objective on the stock. Credit Suisse’s price target would suggest a potential downside of 13.97% from the company’s current price.
Shares of Marks & Spencer Group (LON:MKS) opened at 479.10 on Monday. Marks & Spencer Group has a 1-year low of GBX 340.00 and a 1-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 £7.694 billion.
A number of other firms have also recently commented on MKS. Analysts at AlphaValue reiterated a “sell” rating on shares of Marks & Spencer Group in a research note to investors on Thursday, September 26th. They now have a GBX 392 ($6.29) price target on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of Marks & Spencer Group in a research note to investors on Wednesday, September 25th. They now have a GBX 390 ($6.26) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Marks & Spencer Group in a research note to investors on Monday, September 23rd. They now have a GBX 525 ($8.42) price target on the stock. Nine analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 475.69 ($7.63).
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.