Marks and Spencer Group (LON:MKS) had its price target trimmed by Royal Bank of Canada from GBX 300 ($3.92) to GBX 270 ($3.53) in a research note issued to investors on Monday. The brokerage currently has a sector performer rating on the retailer’s stock.
Other analysts have also issued research reports about the company. Jefferies Financial Group lowered their target price on Marks and Spencer Group from GBX 370 ($4.83) to GBX 310 ($4.05) and set a buy rating on the stock in a report on Friday, January 4th. Peel Hunt reissued a buy rating on shares of Marks and Spencer Group in a report on Wednesday, February 27th. HSBC reissued a hold rating on shares of Marks and Spencer Group in a report on Thursday, January 10th. Shore Capital reissued a house stock rating on shares of Marks and Spencer Group in a report on Thursday, January 10th. Finally, Barclays reissued an overweight rating and issued a GBX 370 ($4.83) target price on shares of Marks and Spencer Group in a report on Thursday, November 29th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Marks and Spencer Group presently has an average rating of Hold and an average target price of GBX 283.54 ($3.70).
Marks and Spencer Group stock opened at GBX 272.30 ($3.56) on Monday. Marks and Spencer Group has a fifty-two week low of GBX 274.30 ($3.58) and a fifty-two week high of GBX 397.80 ($5.20).
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.
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