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Marks and Spencer Group Plc 7.6% Potential Decrease Indicated by Goldman Sachs

Marks and Spencer Group Plc with EPIC/TICKER (LON:MKS) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘SELL’ today by analysts at Goldman Sachs. Marks and Spencer Group Plc are listed in the Consumer Services sector within UK Main Market. Goldman Sachs have set their target price at 260 GBX on its stock. This is indicating the analyst believes there is a potential downside of -7.6% from the opening price of 281.4 GBX. Over the last 30 and 90 trading days the company share price has decreased 16.2 points and decreased 18.4 points respectively. The 1 year high share price is 328.8 GBX while the 52 week low for the share price is 262 GBX.

Marks and Spencer Group Plc has a 50 day moving average of 297.85 GBX and a 200 day moving average of 295.67. There are currently 1,624,915,851 shares in issue with the average daily volume traded being 11,942,095. Market capitalisation for LON:MKS is £4,726,880,463 GBP.