Marks & Spencer Group Rating Reiterated by Barclays (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Barclays in a research note issued to investors on Tuesday, ARN reports. They currently have a GBX 350 ($5.74) price target on the stock. Barclays’ price target indicates a potential downside of 25.34% from the stock’s previous close.
A number of other analysts have also recently weighed in on MKS. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Marks & Spencer Group in a research note to investors on Monday, January 6th. They now have a GBX 400 ($6.56) price target on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of Marks & Spencer Group from GBX 575 ($9.43) to GBX 510 ($8.36) in a research note to investors on Monday, January 6th. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald cut their price target on shares of Marks & Spencer Group from GBX 445 ($7.30) to GBX 425 ($6.97) in a research note to investors on Friday, December 20th. They now have a “sell” rating on the stock. Eight research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 478.46 ($7.85).
Shares of Marks & Spencer Group (LON:MKS) opened at 468.80 on Tuesday. Marks & Spencer Group has a 1-year low of GBX 351.60 and a 1-year high of GBX 520.50. The stock has a 50-day moving average of GBX 462.0 and a 200-day moving average of GBX 475.5. The company’s market cap is £7.547 billion.
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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