Marks and Spencer Group Plc (LON:MKS) had its price target hoisted by BNP Paribas from GBX 250 ($3.23) to GBX 315 ($4.07) in a note issued to investors on Monday, April 3rd. The brokerage currently has an “underperform” rating on the retailer’s stock. BNP Paribas’ price objective points to a potential downside of 14.05% from the stock’s previous close.
Several other research analysts also recently weighed in on MKS. Haitong Bank reaffirmed a “buy” rating and set a GBX 375 ($4.84) target price on shares of Marks and Spencer Group Plc in a research note on Tuesday, January 3rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 500 ($6.46) target price on shares of Marks and Spencer Group Plc in a research note on Thursday, January 12th. HSBC Holdings plc reissued a “buy” rating and issued a GBX 465 ($6.00) price objective on shares of Marks and Spencer Group Plc in a research note on Friday, January 13th. Bank of America Corp raised Marks and Spencer Group Plc to a “buy” rating and set a GBX 400 ($5.16) price objective for the company in a research note on Monday, December 12th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a GBX 350 ($4.52) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, December 20th. Eight research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 378.05 ($4.88).
Marks and Spencer Group Plc (LON:MKS) traded down 2.46% during mid-day trading on Monday, hitting GBX 357.50. 10,361,335 shares of the stock traded hands. Marks and Spencer Group Plc has a 1-year low of GBX 255.10 and a 1-year high of GBX 448.00. The stock’s market cap is GBX 5.80 billion. The company’s 50 day moving average price is GBX 344.37 and its 200-day moving average price is GBX 339.75.
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Marks and Spencer Group Plc Company Profile
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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