Credit Suisse Group Reaffirms “Neutral” Rating for Marks and Spencer Group Plc (MKS)
Credit Suisse Group reaffirmed their neutral rating on shares of Marks and Spencer Group Plc (LON:MKS) in a report published on Tuesday morning. They currently have a GBX 370 ($4.99) target price on the retailer’s stock.
Several other equities research analysts have also recently issued reports on the company. HSBC Holdings plc restated a buy rating and set a GBX 435 ($5.86) price objective on shares of Marks and Spencer Group Plc in a report on Friday, May 26th. J P Morgan Chase & Co reaffirmed an underweight rating and issued a GBX 285 ($3.84) target price on shares of Marks and Spencer Group Plc in a research report on Tuesday, June 27th. Deutsche Bank AG cut their price objective on Marks and Spencer Group Plc from GBX 360 ($4.85) to GBX 345 ($4.65) and set a hold rating on the stock in a research report on Friday, September 8th. Barclays PLC cut their price objective on Marks and Spencer Group Plc from GBX 425 ($5.73) to GBX 370 ($4.99) and set an overweight rating on the stock in a research report on Friday, September 1st. Finally, Canaccord Genuity raised their price objective on Marks and Spencer Group Plc from GBX 315 ($4.25) to GBX 375 ($5.06) and gave the company a hold rating in a research report on Thursday, May 25th. Nine equities research 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’s stock. The stock has a consensus rating of Hold and an average price target of GBX 354.91 ($4.79).
Marks and Spencer Group Plc (LON:MKS) opened at 342.40 on Tuesday. The stock’s market cap is GBX 5.56 billion. Marks and Spencer Group Plc has a 12 month low of GBX 306.70 and a 12 month high of GBX 397.80. The company’s 50-day moving average price is GBX 323.77 and its 200-day moving average price is GBX 343.15.
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In other news, insider Archie Norman acquired 10,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were purchased at an average cost of GBX 320 ($4.31) per share, with a total value of £32,000 ($43,144.13).
About Marks and Spencer Group Plc
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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