Rating of The Day: Marks Spencer Group PLC (LON:MKS) Had Its Price Objective Lowered by 7.94% at Investec to GBX 290.00

November 29, 2016 - By olga

Marks Spencer Group PLC (LON:MKS) Stock Target Upgraded

In a research report released by Investec on Tuesday, 29 November, Marks Spencer Group PLC (LON:MKS) had its TP cut to GBX 290.00. The firm presently has “Sell” rating on the stock.

Marks and Spencer Group Plc (LON:MKS) Ratings Coverage

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 21.78% above today’s (GBX 327.4) stock price. Marks Spencer Group PLC has been the topic of 238 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, January 13 by Deutsche Bank. The stock has “Sell” rating given by Liberum Capital on Tuesday, July 5. On Tuesday, November 24 the stock rating was maintained by Nomura with “Buy”. As per Thursday, November 12, the company rating was maintained by Haitong Securities. Beaufort Securities maintained the stock with “Hold” rating in Thursday, November 5 report. The firm has “Buy” rating given on Friday, February 5 by HSBC. The rating was maintained by Peel Hunt with “Sell” on Wednesday, November 4. On Monday, August 17 the stock rating was maintained by RBC Capital Markets with “Top Pick”. RBC Capital Markets maintained it with “Top Pick” rating and GBX 700 target price in Monday, August 3 report. JP Morgan maintained Marks and Spencer Group Plc (LON:MKS) on Friday, April 8 with “Neutral” rating.

About 2.32 million shares traded hands. Marks and Spencer Group Plc (LON:MKS) has declined 22.08% since May 2, 2016 and is downtrending. It has underperformed by 27.34% 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 5.32 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has a 21.26 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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