Analysts at Haitong Securities Reiterate their Past ‘Buy’ rating on Shares Marks Spencer Group PLC (LON:MKS), Set a GBX 550.00 Price Target

Share

Marks Spencer Group PLC (LON:MKS) Rating Reaffirmed

Marks Spencer Group PLC (LON:MKS) just had their share rating of a ‘Buy’ issued by research analysts at Haitong Securities, who now has a GBX 550.00 target on the 7.33 billion GBP market cap company or a 20.93% upside potential. This key information was disclosed in analysts report on 18 December.

From a total of 26 analysts covering Marks Spencer Group PLC (LON:MKS) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 568.81 with a 25.66% above today’s (GBX 453.9) stock price. Marks Spencer Group PLC was the topic of 87 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Haitong Securities maintained shares on December 18 with “Buy” rating. JP Morgan maintained shares with “Neutral” rating and GBX 550 target share price in a report from a December 14. Peel Hunt maintained MKS stock in a recent report from December 17 with “Sell” rating. Deutsche Bank maintained the rating on December 14. Deutsche Bank has a “Buy” rating and a GBX 580 price target on shares. Finally, Barclays Capital maintained the stock with “Equal Weight” rating in a report issued on a December 15.

Approximately 908,477 shares of stock traded hands. Marks and Spencer Group Plc (LON:MKS) has declined 22.83% since May 21, 2015 and is downtrending. It has underperformed by 19.02% the S&P500.

Analysts at Haitong Securities Reiterate their Past ‘Buy’ rating on Shares Marks Spencer Group PLC (LON:MKS), Set a GBX 550.00 Price Target

Marks and Spencer Group plc is a retailer in the United Kingdom. The company has a market cap of 7.33 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has 17.38 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: