Haitong Securities Has Just Reaffirmed GBX 630.00 Target Price Per Share on Marks Spencer Group PLC (LON:MKS) stock, While They’ve Also Reiterated Their Buy Rating

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Marks Spencer Group PLC (LON:MKS) Rating Reaffirmed

In an analyst research report sent to investors on Friday, 27 November, The Buy rating of Marks Spencer Group PLC (LON:MKS) shares was reconfirmed at Haitong Securities, who now has a GBX 630.00 Estimated Target Price on the stock. Haitong Securities’s Estimated Target Price may mean a possible upside of 25.94% from the current stock price of the company.

From a total of 29 analysts covering Marks Spencer Group PLC (LON:MKS) stock, 15 rate it a ”Buy”, 4 a “Sell”, and 10 a ”Hold”. This means that 52% of the ratings are positive. The highest target price is GBX 700 while the lowest target price is GBX 450. The mean of all analyst targets is GBX 582.50 with a 16.50% above today’s (GBX 500) stock price. Marks Spencer Group PLC was the topic of 72 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Haitong Securities maintained shares on November 24 with “Buy” rating. JP Morgan maintained shares with “Neutral” rating and GBX 550 target share price in a report from a November 13. Bernstein maintained MKS stock in a recent report from November 23 with “Market Perform” rating. BNP Paribas maintained the rating on November 11. BNP Paribas has a “Outperform” rating and a GBX 620 price target on shares. Finally, J.P. Morgan maintained the stock with “Neutral” rating in a report issued on a November 13.

Approximately 662,341 shares of stock traded hands. Marks and Spencer Group Plc (LON:MKS) has declined 9.39% since April 30, 2015 and is downtrending. It has underperformed by 8.03% the S&P500.

Haitong Securities Has Just Reaffirmed GBX 630.00 Target Price Per Share on Marks Spencer Group PLC (LON:MKS) stock, While They’ve Also Reiterated Their Buy Rating

Marks and Spencer Group plc is a retailer in the United Kingdom. The company has a market cap of 8.18 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has 19.15 P/E ratio. The Firm operates through five divisions: M&S for Business, M&S Bank, M&S Energy, M&S Outlet and M&S TV to provide the services of Christmas Shopping, Style & Living, Women, Lingerie, Beauty, Men, Kids, Home, Food & Wine, Flowers & Gifts, Outlets, Television, Energy and M&S Bank.

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