Marks and Spencer Group (LON:MKS)‘s stock had its “underweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research report issued on Friday. They currently have a GBX 285 ($3.86) target price on the retailer’s stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 6.74% from the stock’s previous close.
MKS has been the subject of a number of other reports. Deutsche Bank reaffirmed a “hold” rating on shares of Marks and Spencer Group in a research report on Wednesday, December 13th. Berenberg Bank reaffirmed a “sell” rating and issued a GBX 260 ($3.53) target price on shares of Marks and Spencer Group in a research report on Monday, December 18th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 370 ($5.02) target price on shares of Marks and Spencer Group in a research report on Tuesday, January 2nd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 450 ($6.10) target price on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 370 ($5.02) target price on shares of Marks and Spencer Group in a research report on Tuesday, November 21st. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 340.95 ($4.62).
Marks and Spencer Group (LON MKS) opened at GBX 305.60 ($4.14) on Friday. 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). The firm has a market capitalization of $4,890.00 and a PE ratio of 2,778.18.
In other Marks and Spencer Group news, insider Archie Norman bought 33,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were purchased at an average price 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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