Shares of Marks and Spencer Group Plc (LON:MKS) were up 0.3% during mid-day trading on Tuesday . The stock traded as high as GBX 348.20 ($4.63) and last traded at GBX 347.80 ($4.62). Approximately 7,084,671 shares changed hands during trading, an increase of 10% from the average daily volume of 6,416,060 shares. The stock had previously closed at GBX 346.70 ($4.61).

Several analysts recently issued reports on MKS shares. Credit Suisse Group reiterated a “neutral” rating and set a GBX 370 ($4.92) target price on shares of Marks and Spencer Group Plc in a report on Friday, September 1st. Deutsche Bank AG dropped their target price on Marks and Spencer Group Plc from GBX 360 ($4.78) to GBX 345 ($4.58) and set a “hold” rating on the stock in a report on Friday, September 8th. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 285 ($3.79) target price on shares of Marks and Spencer Group Plc in a report on Tuesday, June 27th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 435 ($5.78) target price on shares of Marks and Spencer Group Plc in a report on Thursday, July 27th. Finally, Barclays PLC dropped their target price on Marks and Spencer Group Plc from GBX 425 ($5.65) to GBX 370 ($4.92) and set an “overweight” rating on the stock in a report on Friday, September 1st. Nine research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 354.91 ($4.72).

The firm’s market cap is GBX 5.64 billion. The firm’s 50 day moving average price is GBX 337.49 and its 200 day moving average price is GBX 345.34.

In other news, insider Archie Norman purchased 10,000 shares of Marks and Spencer Group Plc stock in a transaction dated Friday, September 8th. The stock was purchased at an average cost of GBX 320 ($4.25) per share, for a total transaction of £32,000 ($42,519.27).

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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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