Marks & Spencer Group’s Hold Rating Reaffirmed at Jefferies Group (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Friday, AnalystRatingsNetwork reports. They currently have a GBX 480 ($7.87) price objective on the stock. Jefferies Group’s target price would indicate a potential upside of 2.39% from the stock’s previous close.
Marks & Spencer Group (LON:MKS) opened at 468.80 on Friday. Marks & Spencer Group has a 52 week low of GBX 351.60 and a 52 week 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.
MKS has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Marks & Spencer Group in a research note to investors on Friday. They now have a GBX 485 ($7.95) price target on the stock, down previously from GBX 500 ($8.20). Separately, 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. Finally, 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. 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 company currently has an average rating of “Hold” and an average 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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