Marks and Spencer Group (LON:MKS)‘s stock had its “underweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a note issued to investors on Thursday. They presently have a GBX 285 ($3.86) target price on the retailer’s stock. JPMorgan Chase & Co.’s price target indicates a potential downside of 6.25% from the stock’s current price.
Other equities analysts have also issued reports about the company. Canaccord Genuity Group restated a “hold” rating and set a GBX 375 ($5.09) price target on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Deutsche Bank restated a “hold” rating and set a GBX 345 ($4.68) price target on shares of Marks and Spencer Group in a research report on Wednesday, September 20th. reduced their price target on Marks and Spencer Group from GBX 435 ($5.90) to GBX 410 ($5.56) and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Liberum Capital restated a “sell” rating and set a GBX 250 ($3.39) price target on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Barclays restated an “overweight” rating and set a GBX 370 ($5.02) price target on shares of Marks and Spencer Group in a research report on Friday, January 12th. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Marks and Spencer Group has a consensus rating of “Hold” and an average price target of GBX 337.55 ($4.58).
Marks and Spencer Group (MKS) traded down GBX 2.20 ($0.03) during trading hours on Thursday, hitting GBX 304 ($4.12). The company’s stock had a trading volume of 10,125,122 shares, compared to its average volume of 7,630,000. Marks and Spencer Group has a 1 year low of GBX 296.30 ($4.02) and a 1 year high of GBX 397.80 ($5.39). The stock has a market cap of $4,940.00 and a PE ratio of 2,763.64.
In other Marks and Spencer Group news, insider Archie Norman acquired 33,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were purchased at an average cost of GBX 300 ($4.07) per share, for a total transaction of £99,000 ($134,255.49).
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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.
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