London: Marks & Spencer Group (LON:MKS) Stock Has Just Had Its “Buy” Rating Reiterated by HSBC. Shares now Have a GBX 680 Target


Marks & Spencer Group (LON:MKS) Rating Reaffirmed

In an interesting research report revealed to clients and investors on Thursday, 17 December, The “Buy” rating of Marks & Spencer Group (LON:MKS) shares was maintained by Analysts at HSBC, who now has a GBX 680 target PPS on the stock. HSBC’s target PPS may imply a possible upside of 46.33% from the last stock close price of the company.

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 570.73 with a 23.75% above today’s (GBX 466.01) stock price. Marks Spencer Group PLC was the topic of 84 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. HSBC maintained shares on December 16 with “Buy” rating. JP Morgan maintained shares with “Neutral” rating and GBX 550 target share price in a report from a December 14. Investec maintained MKS stock in a recent report from December 14 with “Buy” rating. Bernstein maintained the rating on December 11. Bernstein has a “Market Perform” rating and a GBX 535 price target on shares. Finally, Nomura maintained the stock with “Buy” rating in a report issued on a December 14.

Approximately 741,444 shares of stock traded hands. Marks and Spencer Group Plc (LON:MKS) has declined 21.13% since May 20, 2015 and is downtrending. It has underperformed by 18.87% the S&P500.

London: Marks & Spencer Group (LON:MKS) Stock Has Just Had Its

Marks and Spencer Group plc is a retailer in the United Kingdom. The company has a market cap of 7.65 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has 17.84 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.