Liberum Capital Reiterates Sell Rating for Marks and Spencer Group Plc (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “sell” rating restated by research analysts at Liberum Capital in a research note issued to investors on Tuesday. They presently have a GBX 250 ($3.26) price target on the retailer’s stock. Liberum Capital’s price objective points to a potential downside of 21.14% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. Goldman Sachs Group Inc. reissued a “sell” rating and issued a GBX 280 ($3.65) price target on shares of Marks and Spencer Group Plc in a research note on Friday, July 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 285 ($3.72) price objective on shares of Marks and Spencer Group Plc in a report on Monday, July 11th. Beaufort Securities restated a “hold” rating on shares of Marks and Spencer Group Plc in a report on Friday, July 8th. BNP Paribas boosted their price objective on shares of Marks and Spencer Group Plc from GBX 310 ($4.05) to GBX 320 ($4.18) and gave the stock an “underperform” rating in a report on Friday, September 9th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Marks and Spencer Group Plc in a report on Wednesday, June 29th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 412.33 ($5.38).
Marks and Spencer Group Plc (LON:MKS) traded down 4.11% during midday trading on Tuesday, hitting GBX 317.00. 13,972,774 shares of the stock traded hands. Marks and Spencer Group Plc has a 52 week low of GBX 255.10 and a 52 week high of GBX 550.00. The company’s market capitalization is GBX 5.13 billion. The stock’s 50-day moving average price is GBX 332.07 and its 200 day moving average price is GBX 365.02.
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About Marks and Spencer Group Plc
Marks and Spencer Group plc is a retailer in the United Kingdom. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through five segments: M&S for Business, M&S Bank, M&S Energy, M&S Outlet and M&S TV to provide the services of Christmas Shopping, Style & Living, Women, Lingerie, Beauty, Men, Kids, Home, Food & Wine, Flowers & Gifts, Outlets, Television, Energy and M&S Bank.
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