JP Morgan Cazenove Keeps GBX 285.00 TP On Marks Spencer Group PLC (LON:MKS), Keeps Underweight Rating

Marks Spencer Group PLC (LON:MKS) Rating

JP Morgan Cazenove have a GBX 285.00 target price per share on the stock. The target price per share suggests a potential downside of -9.67% from Marks Spencer Group PLC (LON:MKS)’s last close price. This rating was released in a research report on 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 27.61% above today’s (GBX 316.2) 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 2.00M 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 12.75 P/E ratio. The Firm operates through two divisions: UK and International.

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