Equity Analysts at JP Morgan Cazenove Didn’t Change their Underweight rating for Marks & Spencer Group (LON:MKS). The Target is Set to GBX 285.00

Marks & Spencer Group (LON:MKS) Rating

Marks & Spencer Group (LON:MKS) had its stock rating noted as Underweight by analysts at JP Morgan Cazenove. JP Morgan Cazenove currently has a GBX 285.00 price target on the 5.14B GBP market cap company or -9.78% downside potential. This was disclosed to clients in analysts report on Thursday, 29 September.

Out of 31 analysts covering Marks & Spencer Group (LON:MKS), 11 rate it a “Buy”, 12 “Sell”, while 8 “Hold”. This means 35% are positive. GBX 700 is the highest target while GBX 250 is the lowest. The GBX 403.50 average target is 27.65% above today’s (GBX 316.1) stock price. Marks & Spencer Group has been the topic of 195 analyst reports since October 4, 2015 according to StockzIntelligence Inc. JP Morgan maintained the stock on September 29 with “Underweight” rating. RBC Capital Markets maintained it with “Outperform” rating and GBX 375 target price in an August 30 report. Numis Securities maintained the shares of MKS in a report on September 8 with “Hold” rating. Haitong Securities maintained the firm’s rating on August 26. Haitong Securities has “Buy” rating and GBX 375 price target. Lastly, Peel Hunt maintained the stock with “Buy” rating in a September 6 report.

About 2.15 million shares traded hands. Marks and Spencer Group Plc (LON:MKS) has declined 26.18% since February 29, 2016 and is downtrending. It has underperformed by 37.43% the S&P500.

Marks and Spencer Group plc is a retailer in the United Kingdom, with over 1,380 stores around the world. The company has a market cap of 5.14 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has a 12.74 P/E ratio. The Firm operates through two divisions: UK and International.

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