Marks & Spencer Group Given New GBX 410 Price Target at Cantor Fitzgerald (MKS)
Cantor Fitzgerald reduced their price target on shares of Marks & Spencer Group (LON:MKS) from GBX 425 ($6.97) to GBX 410 ($6.72) in a research note issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “sell” rating on the stock. Cantor Fitzgerald’s price target points to a potential downside of 11.04% from the stock’s previous close.
Shares of Marks & Spencer Group (LON:MKS) traded up 3.60% during mid-day trading on Thursday, hitting GBX 460.90. The stock had a trading volume of 17,268,096 shares. Marks & Spencer Group has a one year low of GBX 351.60 and a one year high of GBX 520.50. The stock’s 50-day moving average is GBX 462.0 and its 200-day moving average is GBX 475.5. The company’s market cap is £7.420 billion.
A number of other firms have also recently commented on MKS. Analysts at Santander reiterated a “hold” rating on shares of Marks & Spencer Group in a research note to investors on Tuesday. They now have a GBX 460 ($7.54) price target on the stock. Separately, 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. Finally, 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. Eight equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 479.53 ($7.87).
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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