Marks and Spencer Group Plc (MKS) Receives Average Rating of “Hold” from Brokerages

Shares of Marks and Spencer Group Plc (LON:MKS) have received a consensus recommendation of “Hold” from the fifteen research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 280.63 ($3.67).

Several equities research analysts recently issued reports on the stock. Peel Hunt reissued a “buy” rating on shares of Marks and Spencer Group in a research report on Wednesday, February 27th. Barclays decreased their target price on shares of Marks and Spencer Group from GBX 370 ($4.83) to GBX 335 ($4.38) and set an “overweight” rating on the stock in a research report on Tuesday. Liberum Capital reissued a “sell” rating and issued a GBX 225 ($2.94) target price on shares of Marks and Spencer Group in a research report on Wednesday, February 27th. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 300 ($3.92) target price on shares of Marks and Spencer Group in a research report on Thursday, January 10th. Finally, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, January 10th.

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Shares of MKS traded down GBX 8.90 ($0.12) during mid-day trading on Friday, hitting GBX 270.40 ($3.53). The company had a trading volume of 7,003,663 shares, compared to its average volume of 7,590,000. Marks and Spencer Group has a 1-year low of GBX 274.30 ($3.58) and a 1-year high of GBX 397.80 ($5.20).

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.

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