Marks & Spencer Group (LON:MKS): Investec Keeps Buy Rating Today, Has a Target of GBX 590/Share


Marks & Spencer Group (LON:MKS) Rating Reaffirmed

Investec now has a GBX 590 PT on the 7.57B GBP market cap company or 26.94% upside potential. In analysts report shared with investors and clients on Monday, 14 December, Marks & Spencer Group (LON:MKS) shares have had their Buy Rating has restated by equity research analysts at Investec.

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 24.84% above today’s (GBX 464.3) stock price. Marks Spencer Group PLC was the topic of 81 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank 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. JP Morgan maintained MKS stock in a recent report from December 14 with “Neutral” rating. Goldman Sachs maintained the rating on December 3. Goldman Sachs has a “Sell” rating and a GBX 525 price target on shares. Finally, RBC Capital Markets maintained the stock with “Top Pick” rating in a report issued on a December 7.

Approximately 1.49 million shares of stock traded hands. Marks and Spencer Group Plc (LON:MKS) has declined 18.12% since May 15, 2015 and is downtrending. It has underperformed by 13.70% the S&P500.

Marks & Spencer Group (LON:MKS): Investec Keeps Buy Rating Today, Has a Target of GBX 590/Share

Marks and Spencer Group plc is a retailer in the United Kingdom. The company has a market cap of 7.57 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has 17.78 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.