Marks and Spencer Group’s (MKS) Buy Rating Reiterated at Peel Hunt
Other equities analysts also recently issued research reports about the stock. Shore Capital reissued a hold rating on shares of Marks and Spencer Group in a report on Tuesday, September 11th. HSBC reissued a hold rating on shares of Marks and Spencer Group in a report on Monday, August 13th. Credit Suisse Group reissued a neutral rating and issued a GBX 315 ($4.12) price objective (up previously from GBX 285 ($3.72)) on shares of Marks and Spencer Group in a report on Thursday, August 9th. UBS Group reaffirmed a neutral rating on shares of Marks and Spencer Group in a report on Friday, November 2nd. Finally, Royal Bank of Canada reaffirmed an outperform rating on shares of Marks and Spencer Group in a report on Tuesday, October 16th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 314.47 ($4.11).
Shares of MKS traded up GBX 0.40 ($0.01) on Wednesday, reaching GBX 312.70 ($4.09). The company’s stock had a trading volume of 17,425,428 shares, compared to its average volume of 7,590,000. Marks and Spencer Group has a 12-month low of GBX 274.30 ($3.58) and a 12-month high of GBX 397.80 ($5.20).
In other Marks and Spencer Group news, insider Steve Rowe sold 38,178 shares of Marks and Spencer Group stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of GBX 283 ($3.70), for a total transaction of £108,043.74 ($141,178.28).
Marks and Spencer Group Company Profile
Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.
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