Marks & Spencer Group Stock Rating Reaffirmed by Nomura (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “buy” rating restated by equities research analysts at Nomura in a research note issued to investors on Thursday, American Banking and Market News reports. They currently have a GBX 540 ($8.73) price target on the stock. Nomura’s target price suggests a potential upside of 13.49% from the stock’s previous close.
Marks & Spencer Group (LON:MKS) traded down 0.19% during mid-day trading on Thursday, hitting GBX 475.80. The stock had a trading volume of 2,638,476 shares. Marks & Spencer Group has a 1-year low of GBX 340.00 and a 1-year 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 £7.641 billion.
A number of other analysts have also recently weighed in on MKS. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Marks & Spencer Group in a research note to investors on Wednesday. They now have a GBX 425 ($6.87) price target on the stock. Separately, 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. Finally, 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. Ten equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. Marks & Spencer Group has an average rating of “Hold” and an average target price of GBX 478.47 ($7.74).
Marks and Spencer Group plc is a United Kingdom retailer. The Company is the holding company of the Marks & Spencer Group of companies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.