Deutsche Bank Reiterates “Hold” Rating for Marks and Spencer Group (MKS)
Marks and Spencer Group (LON:MKS)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday.
A number of other research firms have also recently issued reports on MKS. Jefferies Group reiterated a “buy” rating and issued a GBX 420 ($5.65) target price on shares of Marks and Spencer Group in a research report on Tuesday, September 26th. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 285 ($3.84) price target on shares of Marks and Spencer Group in a report on Tuesday, October 31st. Barclays restated an “overweight” rating and set a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a report on Thursday, November 9th. Canaccord Genuity restated a “hold” rating and set a GBX 375 ($5.05) price target on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Finally, Credit Suisse Group restated a “neutral” rating and set a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a report on Tuesday, September 19th. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 348.45 ($4.69).
Marks and Spencer Group (LON MKS) opened at GBX 312.63 ($4.21) on Wednesday. Marks and Spencer Group has a 12-month low of GBX 296.30 ($3.99) and a 12-month high of GBX 397.80 ($5.35).
In other Marks and Spencer Group news, insider Archie Norman purchased 33,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of GBX 300 ($4.04) per share, with a total value of £99,000 ($133,243.61).
About Marks and Spencer Group
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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