Sanford C. Bernstein Reaffirms “Underperform” Rating for Marks and Spencer Group Plc (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “underperform” rating restated by research analysts at Sanford C. Bernstein in a report released on Friday. They currently have a GBX 400 ($6.64) price objective on the stock. Sanford C. Bernstein’s price objective suggests a potential downside of 9.32% from the company’s current price.
A number of other firms have also recently commented on MKS. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Marks and Spencer Group Plc in a research note on Friday, August 29th. They now have a GBX 440 ($7.30) price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Marks and Spencer Group Plc in a research note on Friday, August 22nd. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Marks and Spencer Group Plc in a research note on Tuesday, August 12th. They now have a GBX 540 ($8.96) price target on the stock. Six analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 479.26 ($7.95).
Marks and Spencer Group Plc (LON:MKS) opened at 443.085 on Friday. 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 433.7 and a 200-day moving average of GBX 448.6. The company’s market cap is £7.221 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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