Marks and Spencer Group Plc (LON:MKS) has earned a consensus rating of “Hold” from the twenty-four analysts that are presently covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 355.38 ($4.72).
MKS has been the topic of several analyst reports. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a GBX 357 ($4.74) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, July 4th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 345 ($4.58) price objective on shares of Marks and Spencer Group Plc in a research note on Friday, October 6th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 370 ($4.92) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, September 19th. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 420 ($5.58) price objective on shares of Marks and Spencer Group Plc in a research note on Monday, July 3rd. Finally, HSBC Holdings plc restated a “buy” rating and set a GBX 435 ($5.78) price target on shares of Marks and Spencer Group Plc in a research report on Thursday, July 27th.
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In other news, insider Archie Norman acquired 10,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were purchased at an average cost of GBX 320 ($4.25) per share, for a total transaction of £32,000 ($42,519.27).
Marks and Spencer Group Plc (LON:MKS) traded up 0.6759% on Wednesday, reaching GBX 350.1506. The company had a trading volume of 2,600,528 shares. Marks and Spencer Group Plc has a one year low of GBX 306.70 and a one year high of GBX 397.80. The company has a 50-day moving average of GBX 337.49 and a 200 day moving average of GBX 345.34. The stock’s market cap is GBX 5.68 billion.
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.
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