Marks and Spencer Group (MKS) Rating Reiterated by Barclays

Barclays reiterated their overweight rating on shares of Marks and Spencer Group (LON:MKS) in a report issued on Monday morning.

MKS has been the subject of a number of other research reports. Shore Capital reiterated a hold rating on shares of Marks and Spencer Group in a research note on Tuesday, July 24th. Liberum Capital reiterated a sell rating on shares of Marks and Spencer Group in a research note on Wednesday, October 3rd. HSBC cut shares of Marks and Spencer Group to a hold rating and cut their price target for the company from GBX 400 ($5.23) to GBX 300 ($3.92) in a research note on Thursday, July 5th. Finally, Credit Suisse Group reiterated a neutral rating and issued a GBX 315 ($4.12) price target (up previously from GBX 285 ($3.72)) on shares of Marks and Spencer Group in a research note on Thursday, August 9th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 320.33 ($4.19).

Shares of MKS stock opened at GBX 285.10 ($3.73) on Monday. Marks and Spencer Group has a one year low of GBX 274.30 ($3.58) and a one year high of GBX 397.80 ($5.20).

In other news, insider Steve Rowe sold 38,178 shares of the firm’s stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of GBX 283 ($3.70), for a total transaction of £108,043.74 ($141,178.28).

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.

Further Reading: Outstanding Shares

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

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