Marks and Spencer Group (LON:MKS)‘s stock had its “sell” rating restated by research analysts at Liberum Capital in a report released on Thursday. They currently have a GBX 250 ($3.22) target price on the retailer’s stock. Liberum Capital’s price objective points to a potential downside of 14.79% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Peel Hunt reaffirmed a “buy” rating on shares of Marks and Spencer Group in a research report on Wednesday, May 23rd. Deutsche Bank reaffirmed a “hold” rating on shares of Marks and Spencer Group in a research report on Friday, May 18th. Shore Capital reaffirmed a “hold” rating on shares of Marks and Spencer Group in a research report on Tuesday, August 7th. HSBC lowered Marks and Spencer Group to a “hold” rating and dropped their target price for the stock from GBX 400 ($5.16) to GBX 300 ($3.87) in a research report on Thursday, July 5th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 315 ($4.06) target price (up from GBX 285 ($3.68)) on shares of Marks and Spencer Group in a research report on Thursday, August 9th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Marks and Spencer Group presently has an average rating of “Hold” and a consensus price target of GBX 320.33 ($4.13).
Shares of MKS opened at GBX 293.40 ($3.78) on Thursday. Marks and Spencer Group has a 12-month low of GBX 274.30 ($3.54) and a 12-month high of GBX 397.80 ($5.13).
About Marks and Spencer Group
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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