Marks & Spencer Group (LON:MKS): HSBC Sticks With “Buy” Rating Today, Has a Target of GBX 700.00/Share

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Marks & Spencer Group (LON:MKS) Rating Reaffirmed

HSBC now has a GBX 700.00 PT on shares of Marks & Spencer Group (LON:MKS). The PT would now indicate a potential upside of 52.11% from the previous close of Marks & Spencer Group (LON:MKS). This rating was announced in a recent research report on Wednesday, 16 December.

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 25.66% above today’s (GBX 458.9) stock price. Marks Spencer Group PLC was the topic of 83 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 15 with “Equal Weight” rating. Bernstein maintained shares with “Market Perform” rating and GBX 535 target share price in a report from a December 11. Deutsche Bank maintained MKS stock in a recent report from December 14 with “Buy” rating. Nomura maintained the rating on December 7. Nomura has a “Buy” rating and a GBX 600 price target on shares. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on a December 14.

Approximately 5.14M shares of stock traded hands or 2.19% up from the average. Marks and Spencer Group Plc (LON:MKS) has declined 20.99% since May 19, 2015 and is downtrending. It has underperformed by 18.37% the S&P500.

Marks & Spencer Group (LON:MKS): HSBC Sticks With

Marks and Spencer Group plc is a retailer in the United Kingdom. The company has a market cap of 7.38 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has 17.57 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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