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Equities researchers at Citigroup Inc. decreased their price target on shares of Marks and Spencer Group Plc (LON:MKS) from GBX 465 ($7.98) to GBX 440 ($7.55) in a research report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 5.26% from the stock’s previous close.

Shares of Marks and Spencer Group Plc (LON:MKS) traded down 2.20% on Wednesday, hitting GBX 418.00. 5,088,812 shares of the company’s stock traded hands. Marks and Spencer Group Plc has a 52-week low of GBX 359.20 and a 52-week high of GBX 520.50. The stock has a 50-day moving average of GBX 440. and a 200-day moving average of GBX 457.7. The company’s market cap is £6.812 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Marks and Spencer Group Plc in a research note on Tuesday. They now have a GBX 440 ($7.55) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Marks and Spencer Group Plc in a research note on Tuesday. They now have a GBX 510 ($8.75) price target on the stock. Finally, 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. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 472.48 ($8.10).

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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