Marks & Spencer Group Given “Underperform” Rating at Credit Suisse (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “underperform” rating restated by research analysts at Credit Suisse in a report released on Wednesday, Analyst Ratings News reports. They currently have a GBX 425 ($6.87) price objective on the stock. Credit Suisse’s price target suggests a potential downside of 13.02% from the stock’s previous close.
A number of other firms have also recently commented on MKS. Analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of Marks & Spencer Group in a research note to investors on Wednesday. They now have a GBX 445 ($7.20) 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, October 17th. They now have a GBX 413 ($6.68) price target on the stock. Finally, analysts at Galvan Research reiterated a “buy” rating on shares of Marks & Spencer Group in a research note to investors on Monday, October 14th. They now have a GBX 505 ($8.17) price target on the stock. Ten research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 478.47 ($7.74).
Shares of Marks & Spencer Group (LON:MKS) traded down 0.65% during mid-day trading on Wednesday, hitting GBX 485.40. The stock had a trading volume of 2,261,940 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 492.8 and a 200-day moving average of GBX 456.. The company’s market cap is £7.795 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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