Today Nomura Maintains a Buy Rating on Marks Spencer Group PLC (LON:MKS) and a GBX 600.00 Target Price


Marks Spencer Group PLC (LON:MKS) Rating Reaffirmed

London: In a very recent research note shared with investors and clients on Monday morning, Nomura maintained their Buy rating on Marks Spencer Group PLC (LON:MKS) shares. They now have a GBX 600.00 price target on the firm. Nomura’s target would suggest a potential upside of 18.92% from the 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 15.73% above today’s (GBX 501.5) 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 91,682 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.

Today Nomura Maintains a Buy Rating on Marks Spencer Group PLC (LON:MKS) and a GBX 600.00 Target Price

Marks and Spencer Group plc is a retailer in the United Kingdom. The company has a market cap of 8.20 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has 19.2 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.