Marks and Spencer Group Plc Stock Rating Reaffirmed by Investec (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “buy” rating restated by analysts at Investec in a research report issued to clients and investors on Tuesday. They currently have a GBX 510 ($8.75) price target on the stock. Investec’s target price suggests a potential upside of 17.73% from the company’s current price.
A number of other analysts have also recently weighed in on MKS. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Marks and Spencer Group Plc in a research note on Tuesday. They now have a GBX 520 ($8.92) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Marks and Spencer Group Plc in a research note on Monday. They now have a GBX 400 ($6.86) price target on the stock. Finally, analysts at Barclays reiterated an “underweight” rating on shares of Marks and Spencer Group Plc in a research note on Friday. They now have a GBX 340 ($5.83) price target on the stock. Seven research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 474.24 ($8.13).
Shares of Marks and Spencer Group Plc (LON:MKS) traded down 1.34% during mid-day trading on Tuesday, hitting GBX 427.40. The stock had a trading volume of 6,214,145 shares. Marks and Spencer Group Plc has a one year low of GBX 359.20 and a one year high of GBX 520.50. The stock has a 50-day moving average of GBX 441.8 and a 200-day moving average of GBX 458.0. The company’s market cap is £6.965 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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