Marks and Spencer Group Plc (MKS) Stock Rating Reaffirmed by Deutsche Bank AG
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank AG in a research report issued to clients and investors on Wednesday. They currently have a GBX 345 ($4.65) price objective on the retailer’s stock. Deutsche Bank AG’s price target indicates a potential upside of 0.44% from the company’s previous close.
A number of other equities research analysts have also issued reports on the stock. Credit Suisse Group restated a “neutral” rating and set a GBX 370 ($4.99) price target on shares of Marks and Spencer Group Plc in a report on Friday, September 1st. HSBC Holdings plc restated a “buy” rating and set a GBX 435 ($5.86) price target on shares of Marks and Spencer Group Plc in a report on Friday, May 26th. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 285 ($3.84) price target on shares of Marks and Spencer Group Plc in a report on Tuesday, June 27th. Barclays PLC cut their price target on shares of Marks and Spencer Group Plc from GBX 425 ($5.73) to GBX 370 ($4.99) and set an “overweight” rating on the stock in a report on Friday, September 1st. Finally, Canaccord Genuity boosted their price target on shares of Marks and Spencer Group Plc from GBX 315 ($4.25) to GBX 375 ($5.06) and gave the company a “hold” rating in a report on Thursday, May 25th. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. Marks and Spencer Group Plc has a consensus rating of “Hold” and a consensus price target of GBX 354.91 ($4.79).
Shares of Marks and Spencer Group Plc (MKS) opened at 343.60 on Wednesday. The company’s 50-day moving average is GBX 323.77 and its 200-day moving average is GBX 343.15. Marks and Spencer Group Plc has a 12 month low of GBX 306.70 and a 12 month high of GBX 397.80. The firm’s market cap is GBX 5.58 billion.
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In other news, insider Archie Norman acquired 10,000 shares of Marks and Spencer Group Plc stock in a transaction dated Friday, September 8th. The stock was acquired at an average cost of GBX 320 ($4.31) per share, for a total transaction of £32,000 ($43,144.13).
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.
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