Marks and Spencer Group Plc (MKS) Given “Underweight” Rating at J P Morgan Chase & Co

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.

COPYRIGHT VIOLATION NOTICE: This story was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.com-unik.info/2017/11/04/marks-and-spencer-group-plc-mks-given-underweight-rating-at-j-p-morgan-chase-co.html.

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.

Analyst Recommendations for Marks and Spencer Group Plc (LON:MKS)

What are top analysts saying about Marks and Spencer Group Plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Marks and Spencer Group Plc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit