London: Marks & Spencer Group (LON:MKS) Stock Has Just Had Its Buy Rating Reiterated by Nomura. Shares now Have a GBX 600.00 Target

Share

Marks & Spencer Group (LON:MKS) Rating Reaffirmed

The brokerage has just set a target of GBX 600.00 on Marks & Spencer Group (LON:MKS) shares. This is 20.75% from the last price. In a comprehensive report sent to clients and investors on 7 December, Nomura reconfirmed their Buy rating on shares of MKS.

From a total of 26 analysts covering Marks Spencer Group PLC (LON:MKS) stock, 14 rate it a ”Buy”, 5 a “Sell”, and 10 a ”Hold”. This means that 48% 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 578.42 with a 17.01% above today’s (GBX 496) stock price. Marks Spencer Group PLC was the topic of 75 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 4 with “Market Perform” rating. J.P. Morgan maintained shares with “Neutral” rating and GBX 550 target share price in a report from a November 13. Haitong Securities maintained MKS stock in a recent report from November 27 with “Buy” rating. JP Morgan maintained the rating on November 13. JP Morgan has a “Neutral” rating and a GBX 550 price target on shares. Finally, Charles Stanley upgraded the stock to “Accumulate” rating in a report issued on a November 16.

Approximately 2.20M shares of stock traded hands. Marks and Spencer Group Plc (LON:MKS) has declined 11.75% since May 8, 2015 and is downtrending. It has underperformed by 10.67% the S&P500.

London: Marks & Spencer Group (LON:MKS) Stock Has Just Had Its Buy Rating Reiterated by Nomura. Shares now Have a GBX 600.00 Target

Marks and Spencer Group plc is a retailer in the United Kingdom. The company has a market cap of 8.11 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has 18.99 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.

COMMENTS: