Marks and Spencer Group Plc (MKS) Price Target Cut to GBX 450 by Analysts at Peel Hunt
Marks and Spencer Group Plc (LON:MKS) had its target price dropped by investment analysts at Peel Hunt from GBX 500 ($6.60) to GBX 450 ($5.94) in a research note issued to investors on Tuesday, July 11th. The brokerage currently has a “buy” rating on the retailer’s stock. Peel Hunt’s target price points to a potential upside of 36.16% from the stock’s previous close.
MKS has been the topic of several other research reports. HSBC Holdings plc restated a “buy” rating and set a GBX 435 ($5.74) target price on shares of Marks and Spencer Group Plc in a report on Wednesday, June 28th. Macquarie raised their price target on Marks and Spencer Group Plc from GBX 270 ($3.56) to GBX 290 ($3.83) and gave the company an “underperform” rating in a report on Friday, May 19th. Numis Securities Ltd reiterated a “reduce” rating and issued a GBX 320 ($4.22) price target on shares of Marks and Spencer Group Plc in a report on Thursday, May 25th. Goldman Sachs Group Inc reiterated a “sell” rating and issued a GBX 375 ($4.95) price target on shares of Marks and Spencer Group Plc in a report on Tuesday, June 20th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating on shares of Marks and Spencer Group Plc in a report on Tuesday, March 14th. Nine analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 369.91 ($4.88).
Marks and Spencer Group Plc (MKS) traded up 0.39% during midday trading on Tuesday, reaching GBX 330.50. 3,011,535 shares of the company traded hands. Marks and Spencer Group Plc has a 12-month low of GBX 307.00 and a 12-month high of GBX 397.80. The company’s market cap is GBX 5.36 billion. The company has a 50-day moving average price of GBX 335.14 and a 200-day moving average price of GBX 346.10.
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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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