November 28, 2016 - By Ellis Scott
Goldman Sachs currently has a GBX 330.00 target price per share on the 5.36B GBP market cap company or -0.33% downside potential. In an analyst note sent to investors on Monday, 28 November, Marks Spencer Group PLC (LON:MKS) stock had its “Sell” Rating reaffirmed by equity research analysts at Goldman Sachs.
Out of 32 analysts covering Marks Spencer Group PLC (LON:MKS), 12 rate it a “Buy”, 12 “Sell”, while 8 “Hold”. This means 38% are positive. GBX 700 is the highest target while GBX 250 is the lowest. The GBX 398.72 average target is 20.90% above today’s (GBX 329.8) stock price. Marks Spencer Group PLC has been the topic of 238 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Peel Hunt maintained the shares of MKS in a report on Monday, May 16 with “Buy” rating. RBC Capital Markets maintained Marks and Spencer Group Plc (LON:MKS) rating on Monday, September 28. RBC Capital Markets has “Top Pick” rating and GBX 700 price target. J.P. Morgan downgraded the shares of MKS in a report on Wednesday, October 7 to “Neutral” rating. The company was maintained on Tuesday, September 1 by RBC Capital Markets. Bernstein maintained the shares of MKS in a report on Monday, January 4 with “Market Perform” rating. As per Monday, April 4, the company rating was maintained by BNP Paribas. JP Morgan maintained Marks and Spencer Group Plc (LON:MKS) on Friday, April 8 with “Neutral” rating. The rating was maintained by Nomura on Tuesday, December 22 with “Buy”. As per Thursday, February 11, the company rating was upgraded by Canaccord Genuity. HSBC maintained Marks and Spencer Group Plc (LON:MKS) rating on Wednesday, December 16. HSBC has “Buy” rating and GBX 700 price target.
About 3.07M shares traded hands. Marks and Spencer Group Plc (LON:MKS) has declined 20.85% since April 29, 2016 and is downtrending. It has underperformed by 26.86% the S&P500.
Marks and Spencer Group plc is a retailer in the United Kingdom, with over 1,380 stores around the world. The company has a market cap of 5.36 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has a 21.42 P/E ratio. The Firm operates through two divisions: UK and International.
Another recent and important Marks and Spencer Group Plc (LON:MKS) news was published by Fool.Co.Uk which published an article titled: “Should you sell Marks and Spencer Group plc and buy into this other British …” on September 30, 2016.
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By Ellis Scott