Marks & Spencer Group Price Target Lowered to GBX 410 at Seymour Pierce (MKS)
Seymour Pierce dropped their price objective 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, AnalystRatingsNetwork.com reports. The firm currently has a “sell” rating on the stock. Seymour Pierce’s price objective would indicate a potential downside of 7.84% from the company’s current price.
Marks & Spencer Group (LON:MKS) traded up 3.60% on Thursday, hitting GBX 460.90. 14,320,205 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’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.
MKS has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Marks & Spencer Group in a research note to investors on Thursday. They now have a GBX 450 ($7.38) price target on the stock. Separately, analysts at Investec upgraded shares of Marks & Spencer Group to a “buy” rating in a research note to investors on Thursday. They now have a GBX 500 ($8.20) price target on the stock. Finally, analysts at Cantor Fitzgerald cut their price target on shares of Marks & Spencer Group from GBX 425 ($6.97) to GBX 410 ($6.72) in a research note to investors on Thursday. They now have a “sell” rating on the stock. Eight equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned 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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