Marks and Spencer Group (LON:MKS) had its price target decreased by investment analysts at Peel Hunt from GBX 450 ($6.10) to GBX 375 ($5.09) in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the retailer’s stock. Peel Hunt’s price objective indicates a potential upside of 24.21% from the company’s current price.
A number of other equities analysts also recently commented on the stock. Deutsche Bank reduced their price objective on shares of Marks and Spencer Group from GBX 335 ($4.54) to GBX 330 ($4.48) and set a “hold” rating for the company in a report on Friday. Liberum Capital reaffirmed a “sell” rating and set a GBX 250 ($3.39) price objective on shares of Marks and Spencer Group in a report on Thursday. Shore Capital reaffirmed a “hold” rating on shares of Marks and Spencer Group in a report on Thursday. Investec reaffirmed a “sell” rating and set a GBX 270 ($3.66) price objective on shares of Marks and Spencer Group in a report on Thursday. Finally, Jefferies Group reaffirmed a “buy” rating and set a GBX 370 ($5.02) price objective on shares of Marks and Spencer Group in a report on Tuesday, January 2nd. Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 340.95 ($4.62).
Marks and Spencer Group (LON MKS) opened at GBX 301.90 ($4.09) on Friday. The company has a market cap of $4,890.00 and a PE ratio of 2,744.55. Marks and Spencer Group has a 1-year low of GBX 296.30 ($4.02) and a 1-year high of GBX 397.80 ($5.39).
In other Marks and Spencer Group news, insider Archie Norman bought 33,000 shares of Marks and Spencer Group stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average price of GBX 300 ($4.07) per share, with a total value of £99,000 ($134,255.49).
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About Marks and Spencer Group
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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