Marks and Spencer Group (OTCMKTS:MAKSY) Price Target Lowered to GBX 215 at Berenberg Bank

Marks and Spencer Group (OTCMKTS:MAKSYGet Rating) had its target price decreased by analysts at Berenberg Bank from GBX 265 ($3.45) to GBX 215 ($2.80) in a research note issued to investors on Tuesday, The Fly reports.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Marks and Spencer Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 13th. Credit Suisse Group boosted their target price on Marks and Spencer Group from GBX 265 ($3.45) to GBX 275 ($3.58) in a research report on Friday, January 14th. Finally, Exane BNP Paribas lowered Marks and Spencer Group from a “neutral” rating to an “underperform” rating in a research report on Tuesday, March 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Marks and Spencer Group presently has an average rating of “Hold” and a consensus price target of $165.42.

Marks and Spencer Group stock traded down $0.09 during mid-day trading on Tuesday, reaching $3.83. The stock had a trading volume of 8,695 shares, compared to its average volume of 34,322. The company has a 50-day moving average price of $4.39 and a two-hundred day moving average price of $5.34. Marks and Spencer Group has a one year low of $3.51 and a one year high of $7.09.

Marks and Spencer Group Company Profile (Get Rating)

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Â’Food on the Move' products.

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