Marks and Spencer Group Plc (MKS) Given “Hold” Rating at Deutsche Bank AG

Deutsche Bank AG reissued their hold rating on shares of Marks and Spencer Group Plc (LON:MKS) in a research report report published on Friday, October 6th. Deutsche Bank AG currently has a GBX 345 ($4.58) price target on the retailer’s stock.

Several other equities analysts also recently commented on the company. Credit Suisse Group reaffirmed a neutral rating and issued a GBX 370 ($4.92) target price on shares of Marks and Spencer Group Plc in a research report on Friday, September 1st. J P Morgan Chase & Co reiterated an underweight rating and issued a GBX 285 ($3.79) price target on shares of Marks and Spencer Group Plc in a research note on Tuesday, June 27th. HSBC Holdings plc restated a buy rating and set a GBX 435 ($5.78) target price on shares of Marks and Spencer Group Plc in a research note on Thursday, July 27th. Barclays PLC cut their target price on Marks and Spencer Group Plc from GBX 425 ($5.65) to GBX 370 ($4.92) and set an overweight rating for the company in a research note on Friday, September 1st. Finally, Peel Hunt restated a buy rating and set a GBX 500 ($6.64) target price on shares of Marks and Spencer Group Plc in a research note on Wednesday, July 5th. Nine investment 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. The company has a consensus rating of Hold and an average price target of GBX 354.91 ($4.72).

Shares of Marks and Spencer Group Plc (LON:MKS) opened at 349.40 on Friday. The firm has a 50-day moving average price of GBX 337.49 and a 200-day moving average price of GBX 345.34. 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 5.67 billion.

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In other Marks and Spencer Group Plc news, insider Archie Norman acquired 10,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were acquired at an average price of GBX 320 ($4.25) per share, for a total transaction of £32,000 ($42,519.27).

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.

Analyst Recommendations for Marks and Spencer Group Plc (LON:MKS)

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