Marks & Spencer Group Receives Sell Rating from AlphaValue (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “sell” rating reiterated by equities researchers at AlphaValue in a research report issued on Thursday, Analyst Ratings Network.com reports. They currently have a GBX 413 ($6.59) target price on the stock. AlphaValue’s price target indicates a potential downside of 14.99% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Marks & Spencer Group in a research note to investors on Tuesday. They now have a GBX 425 ($6.78) price target on the stock. Separately, analysts at Galvan Research reiterated a “buy” rating on shares of Marks & Spencer Group in a research note to investors on Monday. They now have a GBX 505 ($8.06) price target on the stock. Finally, analysts at Grupo Santander reiterated a “hold” rating on shares of Marks & Spencer Group in a research note to investors on Thursday, October 10th. They now have a GBX 460 ($7.34) price target on the stock. Ten analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 478.47 ($7.64).
Shares of Marks & Spencer Group (LON:MKS) opened at 484.50 on Thursday. 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 £7.780 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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