Marks & Spencer Group (LON:MKS) May Have Just Reached An Inflection Point; RBC Capital Markets Downgrades Shares

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Marks & Spencer Group (LON:MKS) Receives a Downgrade

RBC Capital Markets has just lowered their rating on shares of Marks & Spencer Group (LON:MKS) to a Outperform and currently has a GBX 600 target price per share on the stock. This was revealed in a comprehensive report on Monday, 21 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 400. The mean of all analyst targets is GBX 566.88 with a 25.12% above today’s (GBX 452.9) stock price. Marks Spencer Group PLC was the topic of 88 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets downgraded shares on December 21 to “Outperform” rating. Barclays Capital maintained shares with “Equal Weight” rating and GBX 500 target share price in a report from a December 15. BNP Paribas maintained MKS stock in a recent report from December 18 with “Outperform” rating. JP Morgan maintained the rating on December 14. JP Morgan has a “Neutral” rating and a GBX 550 price target on shares. Finally, HSBC maintained the stock with “Buy” rating in a report issued on a December 16.

Approximately 637,483 shares of stock traded hands. Marks and Spencer Group Plc (LON:MKS) has declined 24.01% since May 22, 2015 and is downtrending. It has underperformed by 18.20% the S&P500.

 Marks & Spencer Group (LON:MKS) May Have Just Reached An Inflection Point; RBC Capital Markets Downgrades Shares

Marks and Spencer Group plc is a retailer in the United Kingdom. The company has a market cap of 7.39 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has 17.34 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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