Marks and Spencer Group Plc (MKS) Earns Hold Rating from Deutsche Bank AG

Deutsche Bank AG reaffirmed their hold rating on shares of Marks and Spencer Group Plc (LON:MKS) in a report released on Tuesday morning. The brokerage currently has a GBX 345 ($4.55) price target on the retailer’s stock.

Several other equities analysts have also recently issued reports on MKS. JPMorgan Chase & Co. reiterated an underweight rating and set a GBX 285 ($3.76) price target on shares of Marks and Spencer Group Plc in a research report on Tuesday, June 27th. HSBC Holdings plc reiterated a buy rating and set a GBX 435 ($5.74) price target on shares of Marks and Spencer Group Plc in a research report on Wednesday, June 28th. Jefferies Group LLC reissued a buy rating and set a GBX 420 ($5.54) price objective on shares of Marks and Spencer Group Plc in a research note on Monday, July 3rd. Goldman Sachs Group, Inc. (The) reissued a sell rating and set a GBX 357 ($4.71) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, July 4th. Finally, Peel Hunt reissued a buy rating and set 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 assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 354.91 ($4.68).

Marks and Spencer Group Plc (LON MKS) remained flat at GBX 346.20 during trading on Tuesday. The stock had a trading volume of 4,701,811 shares. The company’s market capitalization is GBX 5.62 billion. Marks and Spencer Group Plc has a 52 week low of GBX 306.70 and a 52 week high of GBX 397.80. The stock’s 50 day moving average is GBX 343.03 and its 200 day moving average is GBX 345.87.

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In related news, insider Archie Norman acquired 10,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was purchased at an average cost 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)

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