Marks & Spencer Group Receives Hold Rating from Goldman Sachs Group Inc. (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “hold” rating restated by analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Tuesday, Analyst Ratings News reports. They currently have a GBX 465 ($7.46) price target on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential downside of 0.79% from the company’s current price.
MKS has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Marks & Spencer Group in a research note to investors on Tuesday. They now have a GBX 525 ($8.42) price target on the stock. Separately, analysts at Deutsche Bank 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. Finally, analysts at Societe Generale raised their price target on shares of Marks & Spencer Group from GBX 581 ($9.32) to GBX 636 ($10.20) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Ten investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Marks & Spencer Group presently has a consensus rating of “Hold” and a consensus price target of GBX 476.49 ($7.64).
Shares of Marks & Spencer Group (LON:MKS) traded up 1.06% during mid-day trading on Tuesday, hitting GBX 468.70. 3,924,929 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 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 £7.527 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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