Peel Hunt Reiterates “Buy” Rating for Marks and Spencer Group (MKS)
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).
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).
COPYRIGHT VIOLATION WARNING: “Peel Hunt Reiterates “Buy” Rating for Marks and Spencer Group (MKS)” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/12/10/peel-hunt-reiterates-buy-rating-for-marks-and-spencer-group-mks-2.html.
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.
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.