Marks & Spencer Group Stock Rating Reaffirmed by Nomura (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “buy” rating reiterated by Nomura in a research note issued on Wednesday, AnalystRatingsNetwork.com reports. They currently have a GBX 540 ($8.66) price target on the stock. Nomura’s price objective points to a potential upside of 16.43% from the company’s current price.
A number of other firms have also recently commented on MKS. 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. Separately, 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. Finally, 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. Ten investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 476.49 ($7.64).
Shares of Marks & Spencer Group (LON:MKS) traded up 1.03% on Wednesday, hitting GBX 468.60. The stock had a trading volume of 1,988,487 shares. 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 £7.525 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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