Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a report released on Tuesday. They currently have a GBX 450 ($6.06) target price on the retailer’s stock. Peel Hunt’s target price would indicate a potential upside of 40.60% from the company’s previous close.

Several other research firms have also recently weighed in on MKS. Deutsche Bank reiterated a “hold” rating and set a GBX 345 ($4.64) price objective on shares of Marks and Spencer Group in a research report on Friday, October 6th. Credit Suisse Group reissued a “neutral” rating and set a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a research note on Tuesday, September 19th. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 285 ($3.84) price objective on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. Canaccord Genuity Group restated a “hold” rating and set a GBX 375 ($5.05) price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Goldman Sachs Group lowered their price objective on Marks and Spencer Group from GBX 330 ($4.44) to GBX 275 ($3.70) and set a “sell” rating for the company in a research report on Monday, December 4th. Nine investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 350.70 ($4.72).

Shares of Marks and Spencer Group (MKS) traded up GBX 2.06 ($0.03) during trading on Tuesday, hitting GBX 320.06 ($4.31). The stock had a trading volume of 7,208,275 shares, compared to its average volume of 10,650,000. Marks and Spencer Group has a one year low of GBX 296.30 ($3.99) and a one year high of GBX 397.80 ($5.35).

Marks and Spencer Group (LON:MKS) last announced its quarterly earnings data on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). Marks and Spencer Group had a return on equity of 5.62% and a net margin of 1.65%. The company had revenue of GBX 512.56 billion for the quarter.

In related news, insider Archie Norman purchased 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was bought at an average price of GBX 300 ($4.04) per share, for a total transaction of £99,000 ($133,243.61).

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About Marks and Spencer Group

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 (LON:MKS)

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