Marks and Spencer Group Plc (LON:MKS)‘s stock had its “buy” rating reaffirmed by analysts at HSBC Holdings plc in a research note issued on Friday. They presently have a GBX 435 ($5.68) price target on the retailer’s stock. HSBC Holdings plc’s price target points to a potential upside of 31.22% from the stock’s previous close.

MKS has been the topic of a number of other reports. Macquarie raised their target price on shares of Marks and Spencer Group Plc from GBX 270 ($3.53) to GBX 290 ($3.79) and gave the stock an “underperform” rating in a research note on Friday, May 19th. Peel Hunt reissued a “buy” rating and issued a GBX 500 ($6.53) target price on shares of Marks and Spencer Group Plc in a research note on Friday, May 12th. Citigroup Inc. reissued a “buy” rating and issued a GBX 420 ($5.48) target price on shares of Marks and Spencer Group Plc in a research note on Wednesday, May 10th. Deutsche Bank AG reissued a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Thursday, May 4th. Finally, Jefferies Group LLC lifted their price target on shares of Marks and Spencer Group Plc from GBX 370 ($4.83) to GBX 420 ($5.48) and gave the company a “buy” rating in a research report on Monday, May 22nd. Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 369.91 ($4.83).

Shares of Marks and Spencer Group Plc (LON MKS) opened at 330.40 on Friday. The company’s market capitalization is GBX 5.36 billion. Marks and Spencer Group Plc has a 52 week low of GBX 307.00 and a 52 week high of GBX 397.80. The firm’s 50-day moving average price is GBX 344.76 and its 200 day moving average price is GBX 346.93.

ILLEGAL ACTIVITY WARNING: “Marks and Spencer Group Plc’s (LON:MKS) Buy Rating Reiterated at HSBC Holdings plc” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/07/21/marks-and-spencer-group-plcs-lonmks-buy-rating-reiterated-at-hsbc-holdings-plc.html.

Marks and Spencer Group Plc Company Profile

Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.

Analyst Recommendations for Marks and Spencer Group Plc (LON:MKS)

Receive News & Ratings for Marks and Spencer Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.