Marks and Spencer Group Plc’s (LON:MKS) “Buy” Rating Reaffirmed at HSBC Holdings plc

Marks and Spencer Group Plc (LON:MKS)‘s stock had its “buy” rating reiterated by equities researchers at HSBC Holdings plc in a research note issued to investors on Wednesday, June 28th, MarketBeat Ratings reports. They currently have a GBX 435 ($5.67) price target on the retailer’s stock. HSBC Holdings plc’s price target would suggest a potential upside of 34.51% from the stock’s current price.

MKS has been the subject of a number of other reports. Liberum Capital reiterated a “sell” rating and set a GBX 250 ($3.26) target price on shares of Marks and Spencer Group Plc in a research note on Friday, March 10th. Macquarie upped their price objective on Marks and Spencer Group Plc from GBX 270 ($3.52) to GBX 290 ($3.78) and gave the stock an “underperform” rating in a research note on Friday, May 19th. Peel Hunt restated a “buy” rating and issued a GBX 500 ($6.51) price objective on shares of Marks and Spencer Group Plc in a research note on Friday, May 12th. Citigroup Inc. restated a “buy” rating and issued a GBX 420 ($5.47) price objective on shares of Marks and Spencer Group Plc in a research note on Wednesday, May 10th. Finally, J P Morgan Chase & Co restated an “underweight” rating on shares of Marks and Spencer Group Plc in a research note on Tuesday, March 14th. Nine analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 369.91 ($4.82).

Shares of Marks and Spencer Group Plc (MKS) traded down 0.52% during trading on Wednesday, reaching GBX 323.40. The company’s stock had a trading volume of 3,466,134 shares. The firm’s 50-day moving average price is GBX 337.43 and its 200-day moving average price is GBX 346.42. Marks and Spencer Group Plc has a one year low of GBX 307.00 and a one year high of GBX 397.80. The company’s market capitalization is GBX 5.25 billion.

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Marks and Spencer Group Plc Company Profile

Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.

Analyst Recommendations for Marks and Spencer Group Plc (LON:MKS)

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