Marks and Spencer Group (MKS) Stock Rating Lowered by Investec
Marks and Spencer Group (LON:MKS) was downgraded by stock analysts at Investec to a “sell” rating in a report released on Tuesday. They presently have a GBX 240 ($3.14) price objective on the retailer’s stock, down from their previous price objective of GBX 285 ($3.72). Investec’s price objective points to a potential downside of 20.24% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Peel Hunt reiterated a “buy” rating on shares of Marks and Spencer Group in a report on Wednesday, November 7th. Shore Capital reiterated a “hold” rating on shares of Marks and Spencer Group in a report on Tuesday, September 11th. HSBC reiterated a “hold” rating on shares of Marks and Spencer Group in a report on Monday, August 13th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 315 ($4.12) price target (up previously from GBX 285 ($3.72)) on shares of Marks and Spencer Group in a report on Thursday, August 9th. Finally, UBS Group reiterated a “neutral” rating on shares of Marks and Spencer Group in a report on Friday, November 2nd. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 307.25 ($4.01).
Marks and Spencer Group stock opened at GBX 300.90 ($3.93) on Tuesday. Marks and Spencer Group has a 12-month low of GBX 274.30 ($3.58) and a 12-month high of GBX 397.80 ($5.20).
Marks and Spencer Group Company Profile
Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.
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