Marks and Spencer Group Plc (MKS) Price Target Cut to GBX 345 by Analysts at Deutsche Bank AG

Marks and Spencer Group Plc (LON:MKS) had its target price lowered by Deutsche Bank AG from GBX 360 ($4.65) to GBX 345 ($4.46) in a report issued on Friday. Deutsche Bank AG currently has a hold rating on the retailer’s stock.

A number of other analysts have also weighed in on the stock. Credit Suisse Group reissued a neutral rating and issued a GBX 370 ($4.78) price target on shares of Marks and Spencer Group Plc in a report on Friday, September 1st. HSBC Holdings plc reissued a buy rating and issued a GBX 435 ($5.62) price target on shares of Marks and Spencer Group Plc in a report on Friday, May 26th. J P Morgan Chase & Co reissued an underweight rating and issued a GBX 285 ($3.68) price target on shares of Marks and Spencer Group Plc in a report on Tuesday, June 27th. Liberum Capital reissued a sell rating and issued a GBX 250 ($3.23) price target on shares of Marks and Spencer Group Plc in a report on Tuesday, June 6th. Finally, Canaccord Genuity raised their price target on shares of Marks and Spencer Group Plc from GBX 315 ($4.07) to GBX 375 ($4.84) and gave the company a hold rating in a report on Thursday, May 25th. Nine equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Marks and Spencer Group Plc currently has a consensus rating of Hold and an average target price of GBX 354.91 ($4.58).

Marks and Spencer Group Plc (MKS) opened at 321.00 on Friday. The firm’s 50-day moving average price is GBX 322.73 and its 200-day moving average price is GBX 343.25. Marks and Spencer Group Plc has a 52 week low of GBX 306.70 and a 52 week high of GBX 397.80. The company’s market capitalization is GBX 5.21 billion.

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In related news, insider Archie Norman acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average cost of GBX 320 ($4.13) per share, with a total value of £32,000 ($41,327.65).

About Marks and Spencer Group Plc

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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