Marks and Spencer Group Plc (MKS) Stock Rating Reaffirmed by Peel Hunt
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research note issued on Tuesday. They currently have a GBX 500 ($6.66) price target on the retailer’s stock. Peel Hunt’s target price points to a potential upside of 43.18% from the company’s current price.
MKS has been the topic of several other research reports. HSBC reissued a “buy” rating and issued a GBX 610 ($8.12) price target on shares of Marks and Spencer Group Plc in a report on Wednesday, June 1st. BNP Paribas reissued an “underperform” rating and issued a GBX 310 ($4.13) price target on shares of Marks and Spencer Group Plc in a report on Friday, August 26th. Barclays PLC lowered their price target on shares of Marks and Spencer Group Plc from GBX 580 ($7.73) to GBX 545 ($7.26) and set an “equal weight” rating on the stock in a report on Thursday, August 25th. Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 340 ($4.53) price target on shares of Marks and Spencer Group Plc in a report on Friday, June 24th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Marks and Spencer Group Plc in a report on Wednesday, June 29th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. Marks and Spencer Group Plc has an average rating of “Hold” and an average price target of GBX 412.89 ($5.50).
Marks and Spencer Group Plc (LON:MKS) opened at 349.20 on Tuesday. The stock has a 50 day moving average of GBX 334.05 and a 200 day moving average of GBX 380.25. Marks and Spencer Group Plc has a 52 week low of GBX 255.10 and a 52 week high of GBX 550.00. The firm’s market cap is GBX 5.65 billion.
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In other Marks and Spencer Group Plc news, insider Chavanne,Patrick Bousquet sold 17,255 shares of the firm’s stock in a transaction on Thursday, July 7th. The stock was sold at an average price of GBX 299 ($3.98), for a total transaction of £51,592.45 ($68,716.64). Also, insider Swannell,Robert purchased 26,298 shares of the business’s stock in a transaction on Thursday, June 9th. The shares were acquired at an average cost of GBX 377 ($5.02) per share, with a total value of £99,143.46 ($132,050.43).
Marks and Spencer Group plc is a retailer in the United Kingdom. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through five segments: M&S for Business, M&S Bank, M&S Energy, M&S Outlet and M&S TV to provide the services of Christmas Shopping, Style & Living, Women, Lingerie, Beauty, Men, Kids, Home, Food & Wine, Flowers & Gifts, Outlets, Television, Energy and M&S Bank.
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