Cantor Fitzgerald Reiterates Sell Rating for Marks & Spencer Group (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “sell” rating reiterated by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Wednesday, AmericanBankingNews.com reports. They currently have a GBX 445 ($7.14) price target on the stock. Cantor Fitzgerald’s price target suggests a potential downside of 4.05% from the company’s current price.
A number of other analysts have also recently weighed in on MKS. Analysts at Nomura reiterated a “buy” rating on shares of Marks & Spencer Group in a research note to investors on Wednesday. They now have a GBX 540 ($8.66) price target on the stock. Separately, analysts at Sanford C. Bernstein downgraded shares of Marks & Spencer Group to an “underperform” rating in a research note to investors on Tuesday. They now have a GBX 420 ($6.74) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of Marks & Spencer Group in a research note to investors on Tuesday. They now have a GBX 465 ($7.46) price target on the stock. Ten research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 476.49 ($7.64).
Shares of Marks & Spencer Group (LON:MKS) opened at 466.60 on Wednesday. Marks & Spencer Group has a 52-week low of GBX 340.00 and a 52-week high of GBX 520.50. The stock has a 50-day moving average of GBX 483.7 and a 200-day moving average of GBX 441.1. The company’s market cap is £7.493 billion.
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.