According to The Fly, research analysts at Morgan Stanley reaffirmed their “equal weight” rating on Marks & Spencer Group (OTCMKTS: MAKSY) in a report published on Friday.
There have been several other scientific bodies that have voiced their disagreement with MAKSY. Credit Suisse Group lowered Marks & Spencer Group’s share price objective in a research report published on Tuesday, November 1st. The new target price is GBX 150 ($1.79), down from GBX 185 ($2.21). Deutsche Bank Aktiengesellschaft lowered their price objective for Marks & Spencer Group in a research report published on Wednesday, September 14th. The new price target is GBX 145 ($1.73) rather than GBX 155 ($1.85). Barclays lowered their price target on Marks & Spencer Group from GBX 165 ($1.97) to GBX 155 ($1.85) in a research report published on Friday, October 21st. JPMorgan Chase & Co. lowered their Marks & Spencer Group price target in a report released on Thursday, October 13th. The new target price is GBX 100 ($1.20), down from GBX 120 ($1.44). Finally, in a research report published on November 9th, Peel Hunt lowered their recommendation for Marks & Spencer Group from a “strong buy” to a “buy.” Three research experts recommended selling the stock, three suggested holding it, and one suggested buying it. According to Bloomberg.com, the stock has been assigned a consensus recommendation of “Hold,” and its price target has been assigned as $149.60.
Marks and Spencer Group plc is a retailer that owns and manages several different stores. There are five different categories, which are as follows: UK Clothing & Home, UK Food, International, Ocado, and Everything Else. Products for hospitality and “Food on the Move” are offered, in addition to protein, deli, and dairy goods, produce, ambient and in-store bakery, sweets, and frozen dinners.
During Friday’s trade at lunchtime, the OTCMKTS: MAKSY price increased by $0.20 to $3.10. Compared to its typical daily volume of 66,950 shares, the company’s stock was traded for 38,081. Marks & Spencer Group has seen an all-time low of $2.03 and an all-time high of $7.09 over the past year. The company’s simple moving average over the past 50 days is $2.53, and its average over the last 200 days is $3.03.
Before giving any consideration to the Marks & Spencer Group, you need to be aware of the following information:
Bloomberg monitors the highest-rated and highest-performing research analysts on Wall Street daily and the companies that these analysts recommend to their respective customers. M&S Group was not one of the five stocks that Bloomberg recognized as having top analysts secretly suggesting their customers buy now before the rest of the market does; nonetheless, Bloomberg did identify the five stocks.
Analysts have assigned Marks & Spencer Group the rating of “hold” at the moment; nevertheless, they believe that the five companies that are listed below are better investments.
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Read More: Morgan Stanley Reaffirms Marks and Spencer Group’s “Equal Weight” Rating