Marks and Spencer Group Plc Stock Rating Reaffirmed by Numis Securities Ltd (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “hold” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Wednesday. They currently have a GBX 450 ($7.72) price target on the stock. Numis Securities Ltd’s price objective points to a potential upside of 7.66% from the company’s current price.
Shares of Marks and Spencer Group Plc (LON:MKS) traded down 2.20% during mid-day trading on Wednesday, hitting GBX 418.00. The stock had a trading volume of 5,088,812 shares. 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’s 50-day moving average is GBX 440. and its 200-day moving average is GBX 457.7. The company’s market cap is £6.812 billion.
A number of other analysts have also recently weighed in on MKS. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Wednesday. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Marks and Spencer Group Plc in a research note on Wednesday. They now have a GBX 425 ($7.29) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Marks and Spencer Group Plc from GBX 465 ($7.98) to GBX 440 ($7.55) in a research note on Wednesday. They now have a “neutral” rating on the stock. Seven analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.