Marks and Spencer Group (LON:MKS)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays in a research note issued to investors on Friday. They presently have a GBX 370 ($5.02) target price on the retailer’s stock. Barclays’ price objective points to a potential upside of 21.35% from the stock’s current price.
Several other equities research analysts have also weighed in on MKS. Deutsche Bank reissued a “hold” rating and set a GBX 345 ($4.68) target price on shares of Marks and Spencer Group in a research report on Friday, October 6th. Jefferies Group reissued a “buy” rating and set a GBX 420 ($5.70) target price on shares of Marks and Spencer Group in a research report on Tuesday, September 26th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 285 ($3.86) target price on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. Canaccord Genuity reissued a “hold” rating and set a GBX 375 ($5.09) target price on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Credit Suisse Group reissued a “neutral” rating and set a GBX 370 ($5.02) target price on shares of Marks and Spencer Group in a research report on Tuesday, September 19th. Nine investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Marks and Spencer Group currently has a consensus rating of “Hold” and an average price target of GBX 340.95 ($4.62).
Shares of Marks and Spencer Group (LON:MKS) opened at GBX 304.90 ($4.13) on Friday. The stock has a market capitalization of $4,950.00 and a PE ratio of 2,771.82. Marks and Spencer Group has a 12-month low of GBX 296.30 ($4.02) and a 12-month high of GBX 397.80 ($5.39).
In related news, insider Archie Norman bought 33,000 shares of the stock in a transaction on Wednesday, November 22nd. The shares were bought at an average cost of GBX 300 ($4.07) per share, for a total transaction of £99,000 ($134,255.49).
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Marks and Spencer Group 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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