Royal Bank Of Canada Reaffirms “Outperform” Rating for Marks and Spencer Group Plc (MKS)

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Marks and Spencer Group Plc (LON:MKS)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a report released on Monday.
A number of other analysts have also commented on MKS. HSBC reiterated a “buy” rating and issued a GBX 680 ($9.06) price objective on shares of Marks and Spencer Group Plc in a research report on Thursday, April 14th. Deutsche Bank AG reiterated a “buy” rating on shares of Marks and Spencer Group Plc in a research report on Thursday, April 14th. Berenberg Bank reiterated a “sell” rating and issued a GBX 380 ($5.06) price objective on shares of Marks and Spencer Group Plc in a research report on Monday, May 23rd. Canaccord Genuity reiterated a “buy” rating and issued a GBX 475 ($6.33) price objective on shares of Marks and Spencer Group Plc in a research report on Wednesday, May 25th. Finally, Peel Hunt lifted their price objective on Marks and Spencer Group Plc from GBX 450 ($5.99) to GBX 500 ($6.66) and gave the stock a “buy” rating in a research report on Wednesday, May 25th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 413.44 ($5.51).
Marks and Spencer Group Plc (LON:MKS) opened at 317.40 on Monday. Marks and Spencer Group Plc has a one year low of GBX 255.10 and a one year high of GBX 550.00. The firm’s market cap is GBX 5.14 billion. The stock has a 50 day moving average price of GBX 335.79 and a 200-day moving average price of GBX 374.95.

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In related news, insider Chavanne,Patrick Bousquet sold 17,255 shares of the company’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).
About Marks and Spencer Group Plc
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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