Marks & Spencer Group Given “Buy” Rating at Galvan Research (MKS)
Marks & Spencer Group (LON:MKS)‘s stock had its “buy” rating reaffirmed by equities researchers at Galvan Research in a research report issued on Monday, Analyst Ratings News reports. They currently have a GBX 510 ($8.40) price objective on the stock. Galvan Research’s price objective suggests a potential upside of 7.94% from the company’s current price.
Marks & Spencer Group (LON:MKS) traded down 1.42% during mid-day trading on Monday, hitting GBX 472.50. 3,988,631 shares of the company’s stock traded hands. Marks & Spencer Group has a one year low of GBX 355.00 and a one year high of GBX 520.50. The stock’s 50-day moving average is GBX 458.2 and its 200-day moving average is GBX 478.6. The company’s market cap is £7.606 billion.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Marks & Spencer Group in a research note to investors on Monday. They now have a GBX 400 ($6.59) price target on the stock. Separately, analysts at BNP Paribas upgraded shares of Marks & Spencer Group to an “outperform” rating in a research note to investors on Thursday. They now have a GBX 570 ($9.39) price target on the stock. Finally, analysts at Investec raised their price target on shares of Marks & Spencer Group from GBX 500 ($8.24) to GBX 550 ($9.06) in a research note to investors on Monday, January 20th. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 489.70 ($8.07).
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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