J P Morgan Chase & Co reaffirmed their underweight rating on shares of Marks and Spencer Group Plc (LON:MKS) in a report released on Tuesday, Marketbeat.com reports. J P Morgan Chase & Co currently has a GBX 285 ($3.76) price target on the retailer’s stock.
A number of other research analysts also recently weighed in on the company. Credit Suisse Group reissued a neutral rating and issued a GBX 370 ($4.88) price objective on shares of Marks and Spencer Group Plc in a research note on Friday, September 1st. Deutsche Bank AG cut their price objective on Marks and Spencer Group Plc from GBX 360 ($4.75) to GBX 345 ($4.55) and set a hold rating on the stock in a research note on Friday, September 8th. HSBC Holdings plc reissued a buy rating and issued a GBX 435 ($5.74) price objective on shares of Marks and Spencer Group Plc in a research note on Thursday, July 27th. Barclays PLC cut their price objective on Marks and Spencer Group Plc from GBX 425 ($5.61) to GBX 370 ($4.88) and set an overweight rating on the stock in a research note on Friday, September 1st. Finally, Peel Hunt reissued a buy rating and issued a GBX 500 ($6.60) price objective on shares of Marks and Spencer Group Plc in a research note on Wednesday, July 5th. Nine analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 354.91 ($4.68).
Shares of Marks and Spencer Group Plc (MKS) traded down GBX 0.50 ($0.01) during trading hours on Tuesday, hitting GBX 328.30 ($4.33). The stock had a trading volume of 7,178,628 shares.
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In related news, insider Archie Norman purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average price of GBX 320 ($4.22) per share, with a total value of £32,000 ($42,227.50).
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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