Marks & Spencer Group Rating Reiterated by Santander (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “hold” rating reaffirmed by research analysts at Santander in a report released on Tuesday, American Banking News.com reports. They currently have a GBX 460 ($7.54) price objective on the stock. Santander’s price target would indicate a potential upside of 4.47% from the company’s current price.
Marks & Spencer Group (LON:MKS) traded up 0.11% on Tuesday, hitting GBX 440.80. 3,320,593 shares of the company’s stock traded hands. Marks & Spencer Group has a 52-week low of GBX 351.60 and a 52-week high of GBX 520.50. The stock has a 50-day moving average of GBX 463.9 and a 200-day moving average of GBX 475.1. The company’s market cap is £7.096 billion.
Several other analysts have also recently commented on the stock. Analysts at HSBC cut their price target on shares of Marks & Spencer Group from GBX 530 ($8.69) to GBX 500 ($8.20) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Marks & Spencer Group in a research note to investors on Tuesday. They now have a GBX 350 ($5.74) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Marks & Spencer Group in a research note to investors on Monday. They now have a GBX 400 ($6.56) price target on the stock. Eight analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 481.74 ($7.90).
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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