Breaking: Goldman Sachs Maintains GBX 375.00 Price Target On Marks & Spencer Group (LON:MKS) Shares, Maintains Their Original “Sell” Rating

June 20, 2017 - By Darrin Black

Marks & Spencer Group (LON:MKS) Rating Reaffirmed

Marks & Spencer Group (LON:MKS) just had their share rating of a ‘”Sell”‘ issued by research analysts at Goldman Sachs, who now has a GBX 375.00 price target on the 5.55B GBP market cap company or a 8.79 % upside potential. This key information was shown in a research note on Tuesday morning.

Marks and Spencer Group Plc (LON:MKS) Ratings Coverage

Among 33 analysts covering Marks Spencer Group PLC (LON:MKS), 13 have Buy rating, 11 Sell and 9 Hold. Therefore 39% are positive. Marks Spencer Group PLC has GBX 700 highest and GBX 250 lowest target. GBX 402.77’s average target is 17.91% above currents GBX 341.6 stock price. Marks Spencer Group PLC had 299 analyst reports since July 28, 2015 according to SRatingsIntel. JP Morgan downgraded Marks and Spencer Group Plc (LON:MKS) on Wednesday, October 7 to “Neutral” rating. Cantor Fitzgerald maintained Marks and Spencer Group Plc (LON:MKS) on Thursday, July 7 with “Sell” rating. The rating was maintained by Morgan Stanley on Wednesday, June 8 with “Overweight”. The firm has “Sell” rating given on Wednesday, May 24 by Cantor Fitzgerald. The rating was maintained by Deutsche Bank with “Buy” on Thursday, May 5. The stock of Marks and Spencer Group Plc (LON:MKS) earned “Underperform” rating by BNP Paribas on Monday, September 12. The stock of Marks and Spencer Group Plc (LON:MKS) has “Sell” rating given on Friday, June 10 by Liberum Capital. As per Tuesday, August 30, the company rating was maintained by RBC Capital Markets. Cantor Fitzgerald maintained Marks and Spencer Group Plc (LON:MKS) on Friday, March 10 with “Sell” rating. The firm has “Sell” rating by Liberum Capital given on Tuesday, July 12.

The stock decreased 2.57% or GBX 9 on June 20, reaching GBX 341.6. About 6.08M shares traded. Marks and Spencer Group Plc (LON:MKS) has 0.00% since June 20, 2016 and is . It has underperformed by 16.70% 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 market cap of 5.55 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has a 47.72 P/E ratio. The Firm operates through two divisions: UK and International.

More important recent Marks and Spencer Group Plc (LON:MKS) news were published by: Bloomberg.com which released: “Marks & Spencer Bets on Tweedy Middle England” on May 23, 2017, also Bloomberg.com published article titled: “Marks & Spencer Shoppers Pay Full Price as Market Shrinks”, Zacks.com published: “Is Marks and Spencer a Great Stock for Value Investors?” on June 09, 2017. More interesting news about Marks and Spencer Group Plc (LON:MKS) was released by: Nasdaq.com and their article: “The Zacks Analyst Blog Highlights: Marks and Spencer Group, Lloyds Banking …” with publication date: June 09, 2017.

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