Deutsche Bank Reiterates Hold Rating for Marks & Spencer Group (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 485 ($7.95) price target on the stock, down from their previous price target of GBX 500 ($8.20). Deutsche Bank’s target price would indicate a potential upside of 3.46% from the company’s current price.
Marks & Spencer Group (LON:MKS) opened at 468.80 on Friday. Marks & Spencer Group has a 1-year low of GBX 355.00 and a 1-year high of GBX 520.50. The stock has a 50-day moving average of GBX 460.0 and a 200-day moving average of GBX 475.2. The company’s market cap is £7.547 billion.
MKS has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald Europe 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 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. Finally, 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. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 478.46 ($7.85).
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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