Shares of Marks and Spencer Group Plc (LON:MKS) have earned a consensus recommendation of “Hold” from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 317.50 ($4.15).
A number of research analysts have recently issued reports on the stock. Shore Capital reiterated a “hold” rating on shares of Marks and Spencer Group in a research note on Tuesday, July 17th. HSBC cut shares of Marks and Spencer Group to a “hold” rating and cut their target price for the company from GBX 400 ($5.23) to GBX 300 ($3.92) in a research note on Thursday, July 5th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 315 ($4.12) target price (up previously from GBX 285 ($3.72)) on shares of Marks and Spencer Group in a research note on Thursday, August 9th. Liberum Capital reiterated a “sell” rating and issued a GBX 250 ($3.27) target price on shares of Marks and Spencer Group in a research note on Thursday, September 6th. Finally, Barclays reissued an “overweight” rating on shares of Marks and Spencer Group in a report on Monday, October 15th.
In related news, insider Steve Rowe sold 38,178 shares of the firm’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of GBX 283 ($3.70), for a total value of £108,043.74 ($141,178.28).
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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