Marks and Spencer Group (MKS) Price Target Cut to GBX 330

Marks and Spencer Group (LON:MKS) had its price objective dropped by investment analysts at Deutsche Bank from GBX 335 ($4.54) to GBX 330 ($4.48) in a report released on Friday. The brokerage currently has a “hold” rating on the retailer’s stock. Deutsche Bank’s price target would indicate a potential upside of 9.31% from the company’s previous close.

A number of other research analysts have also recently weighed in on MKS. Credit Suisse Group reissued a “neutral” rating and set a GBX 370 ($5.02) price objective on shares of Marks and Spencer Group in a research note on Tuesday, September 19th. Jefferies Group reissued a “buy” rating and set a GBX 420 ($5.70) price objective on shares of Marks and Spencer Group in a research note on Tuesday, September 26th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 285 ($3.86) price objective on shares of Marks and Spencer Group in a research note on Tuesday, October 31st. dropped their price objective on shares of Marks and Spencer Group from GBX 435 ($5.90) to GBX 410 ($5.56) and set a “buy” rating for the company in a research note on Tuesday, November 7th. Finally, Shore Capital reissued a “hold” rating on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. Nine investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Marks and Spencer Group currently has a consensus rating of “Hold” and a consensus target price of GBX 340.95 ($4.62).

Shares of Marks and Spencer Group (LON MKS) opened at GBX 301.90 ($4.09) on Friday. Marks and Spencer Group has a 12-month low of GBX 296.30 ($4.02) and a 12-month high of GBX 397.80 ($5.39). The stock has a market cap of $4,890.00 and a P/E ratio of 2,744.55.

Marks and Spencer Group (LON:MKS) last issued its quarterly earnings data on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). Marks and Spencer Group had a net margin of 1.65% and a return on equity of 5.62%. The business had revenue of GBX 512.56 billion during the quarter.

In related news, insider Archie Norman purchased 33,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were bought at an average price of GBX 300 ($4.07) per share, for a total transaction of £99,000 ($134,255.49).

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About Marks and Spencer Group

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 (LON:MKS)

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