Societe Generale Increases Marks & Spencer Group Price Target to GBX 636 (MKS)
Research analysts at Societe Generale boosted their price objective on shares of Marks & Spencer Group (LON:MKS) from GBX 581 ($9.32) to GBX 636 ($10.20) in a report released on Tuesday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Societe Generale’s price target would suggest a potential upside of 35.69% from the stock’s previous close.
Shares of Marks & Spencer Group (LON:MKS) traded up 1.06% 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 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 £7.527 billion.
A number of other firms have also recently commented on MKS. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Marks & Spencer Group in a research note to investors on Monday. They now have a GBX 425 ($6.82) price target on the stock. Separately, 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. Finally, 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. Ten investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 476.49 ($7.64).
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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