Marks and Spencer Group (LON:MKS)‘s stock had its “sell” rating reissued by Liberum Capital in a research note issued to investors on Friday. They presently have a GBX 250 ($3.51) price objective on the retailer’s stock. Liberum Capital’s price objective would suggest a potential downside of 15.82% from the company’s previous close.
A number of other research analysts also recently issued reports on MKS. Deutsche Bank restated a “hold” rating and set a GBX 345 ($4.84) target price on shares of Marks and Spencer Group in a research report on Friday, October 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 285 ($4.00) target price on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. Barclays restated an “overweight” rating and set a GBX 370 ($5.20) target price on shares of Marks and Spencer Group in a research report on Thursday, November 9th. Canaccord Genuity restated a “hold” rating and set a GBX 375 ($5.27) target price on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, decreased their target price on shares of Marks and Spencer Group from GBX 435 ($6.11) to GBX 410 ($5.76) and set a “buy” rating for the company in a research report on Tuesday, November 7th. Ten research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Marks and Spencer Group has a consensus rating of “Hold” and an average price target of GBX 333.30 ($4.68).
Marks and Spencer Group (LON:MKS) traded down GBX 4.20 ($0.06) during trading hours on Friday, hitting GBX 297 ($4.17). 9,244,940 shares of the stock traded hands, compared to its average volume of 7,600,000. Marks and Spencer Group has a 1-year low of GBX 296.30 ($4.16) and a 1-year high of GBX 397.80 ($5.59). The firm has a market capitalization of $4,830.00 and a P/E ratio of 2,700.00.
In related news, insider Archie Norman bought 33,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average price of GBX 300 ($4.21) per share, with a total value of £99,000 ($139,025.42).
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Marks and Spencer Group 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.
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