Analysts at Investec Have Maintained their Past ‘Buy’ rating on Shares Marks Spencer Group PLC (LON:MKS), Set a GBX 590.00 PT

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Marks Spencer Group PLC (LON:MKS) Rating Reaffirmed

In an analyst note sent to investors this morning, Investec reconfirmed their Buy rating on Marks Spencer Group PLC (LON:MKS) shares. The TP may suggest a possible upside of 29.09% from company’s current stock price.

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 25.85% above today’s (GBX 459.7) stock price. Marks Spencer Group PLC was the topic of 82 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Investec maintained shares on December 14 with “Buy” rating. Nomura maintained shares with “Buy” rating and GBX 600 target share price in a report from a December 7. Nomura maintained MKS stock in a recent report from December 14 with “Buy” rating. RBC Capital Markets maintained the rating on December 7. RBC Capital Markets has a “Top Pick” rating and a GBX 700 price target on shares. Finally, Bernstein maintained the stock with “Market Perform” rating in a report issued on a December 11.

Approximately 762,563 shares of stock traded hands. Marks and Spencer Group Plc (LON:MKS) has declined 21.57% since May 18, 2015 and is downtrending. It has underperformed by 17.89% the S&P500.

Analysts at Investec Have Maintained their Past ‘Buy’ rating on Shares Marks Spencer Group PLC (LON:MKS), Set a GBX 590.00 PT

Marks and Spencer Group plc is a retailer in the United Kingdom. The company has a market cap of 7.51 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has 17.6 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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