Marks and Spencer Group Plc (MKS) Rating Reiterated by J P Morgan Chase & Co

Marks and Spencer Group Plc (LON:MKS)‘s stock had its “underweight” rating reissued by equities research analysts at J P Morgan Chase & Co in a research note issued on Thursday. They presently have a GBX 285 ($3.75) price target on the retailer’s stock. J P Morgan Chase & Co’s price objective indicates a potential downside of 10.71% from the company’s current price.

Several other brokerages also recently issued reports on MKS. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 345 ($4.54) price objective on shares of Marks and Spencer Group Plc in a research report on Friday, October 6th. Credit Suisse Group reiterated a “neutral” rating and set a GBX 370 ($4.87) target price on shares of Marks and Spencer Group Plc in a research note on Tuesday, September 19th. Peel Hunt reiterated a “buy” rating and set a GBX 450 ($5.92) target price on shares of Marks and Spencer Group Plc in a research note on Wednesday. Barclays PLC reiterated an “overweight” rating and set a GBX 370 ($4.87) target price on shares of Marks and Spencer Group Plc in a research note on Thursday. Finally, HSBC Holdings plc reiterated a “buy” rating and set a GBX 435 ($5.72) target price on shares of Marks and Spencer Group Plc in a research note on Thursday, July 27th. Nine equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Marks and Spencer Group Plc presently has an average rating of “Hold” and an average target price of GBX 353.32 ($4.65).

Shares of Marks and Spencer Group Plc (LON MKS) traded down GBX 6 ($0.08) during trading hours on Thursday, reaching GBX 319.20 ($4.20). 13,642,455 shares of the company’s stock traded hands, compared to its average volume of 7,940,000. Marks and Spencer Group Plc has a one year low of GBX 306.70 ($4.03) and a one year high of GBX 397.80 ($5.23).

Marks and Spencer Group Plc (LON:MKS) last issued its quarterly earnings data on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). Marks and Spencer Group Plc had a net margin of 1.77% and a return on equity of 6.40%. The company had revenue of GBX 512.56 billion during the quarter.

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In other Marks and Spencer Group Plc news, insider Archie Norman purchased 10,000 shares of the stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of GBX 320 ($4.21) per share, with a total value of £32,000 ($42,088.65).

Marks and Spencer Group Plc Company Profile

Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.

Analyst Recommendations for Marks and Spencer Group Plc (LON:MKS)

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