Marks & Spencer Group Upgraded by Investec to Buy (MKS)
Marks & Spencer Group (LON:MKS) was upgraded by investment analysts at Investec to a “buy” rating in a note issued to investors on Thursday, Analyst Ratings Network.com reports. The firm currently has a GBX 500 ($8.20) price target on the stock. Investec’s target price suggests a potential upside of 12.38% from the stock’s previous close.
Marks & Spencer Group (LON:MKS) opened at 456.00 on Thursday. Marks & Spencer Group has a 1-year low of GBX 351.60 and a 1-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 £7.341 billion.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Eight research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 481.18 ($7.89).
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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