Marks and Spencer Group (MKS) Given “House Stock” Rating at Shore Capital
Several other research firms have also recently weighed in on MKS. Royal Bank of Canada reiterated an outperform rating and issued a GBX 330 ($4.31) price target on shares of Marks and Spencer Group in a report on Wednesday, November 7th. Peel Hunt reiterated a buy rating on shares of Marks and Spencer Group in a report on Wednesday, November 7th. Goldman Sachs Group reduced their price target on shares of Marks and Spencer Group from GBX 265 ($3.46) to GBX 260 ($3.40) and set a sell rating for the company in a report on Wednesday, December 5th. Barclays reiterated an overweight rating and issued a GBX 370 ($4.83) price target on shares of Marks and Spencer Group in a report on Thursday, November 29th. Finally, Investec cut shares of Marks and Spencer Group to a sell rating and reduced their price target for the company from GBX 285 ($3.72) to GBX 240 ($3.14) in a report on Tuesday, November 20th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 301.73 ($3.94).
LON MKS traded up GBX 1.60 ($0.02) during trading on Thursday, reaching GBX 276.10 ($3.61). 8,907,197 shares of the stock traded hands, compared to its average volume of 7,590,000. Marks and Spencer Group has a fifty-two week low of GBX 274.30 ($3.58) and a fifty-two week high of GBX 397.80 ($5.20).
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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