Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reaffirmed by analysts at in a note issued to investors on Monday, November 13th, StockTargetPrices.com reports. They currently have a GBX 400 ($5.36) price target on the retailer’s stock. ‘s price target would suggest a potential upside of 28.54% from the company’s previous close.
A number of other equities research analysts have also weighed in on MKS. Deutsche Bank reiterated a “hold” rating and issued a GBX 360 ($4.82) price objective on shares of Marks and Spencer Group in a research report on Wednesday, July 26th. Barclays restated an “overweight” rating and issued a GBX 425 ($5.69) target price on shares of Marks and Spencer Group in a research note on Tuesday, August 1st. Credit Suisse Group restated a “neutral” rating and issued a GBX 370 ($4.96) target price on shares of Marks and Spencer Group in a research note on Friday, September 1st. Finally, Jefferies Group restated a “buy” rating and issued a GBX 420 ($5.62) target price on shares of Marks and Spencer Group in a research note on Tuesday, September 26th. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 354.26 ($4.74).
Shares of Marks and Spencer Group (LON MKS) traded down GBX 2.02 ($0.03) during mid-day trading on Monday, hitting GBX 311.18 ($4.17). The stock had a trading volume of 7,910,000 shares, compared to its average volume of 10,000,000. Marks and Spencer Group has a 12-month low of GBX 296.30 ($3.97) and a 12-month high of GBX 397.80 ($5.33).
In other Marks and Spencer Group news, insider Archie Norman acquired 33,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average cost of GBX 300 ($4.02) per share, for a total transaction of £99,000 ($132,583.37).
Marks and Spencer Group 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.
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