Barclays Reiterates “Underweight” Rating for Marks and Spencer Group Plc (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “underweight” rating reaffirmed by Barclays in a research note issued on Monday. They currently have a GBX 340 ($5.70) target price on the stock. Barclays’ price objective suggests a potential downside of 18.78% from the stock’s previous close.
A number of other firms have also recently commented on MKS. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Marks and Spencer Group Plc in a research note on Thursday. They now have a GBX 400 ($6.71) price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Marks and Spencer Group Plc in a research note on Friday, July 11th. They now have a GBX 560 ($9.39) price target on the stock. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 473.46 ($7.94).
Shares of Marks and Spencer Group Plc (LON:MKS) opened at 421.90 on Monday. 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 431.5 and a 200-day moving average of GBX 454.5. The company’s market cap is £6.876 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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