Berenberg Bank Reaffirms “Sell” Rating for Marks and Spencer Group (MKS)

Berenberg Bank reaffirmed their sell rating on shares of Marks and Spencer Group (LON:MKS) in a research report report published on Monday, December 18th. They currently have a GBX 260 ($3.53) price target on the retailer’s stock.

A number of other equities research analysts also recently issued reports on the stock. Canaccord Genuity Group reaffirmed a hold rating and issued a GBX 375 ($5.09) price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Credit Suisse Group reaffirmed a neutral rating and issued a GBX 370 ($5.02) price objective on shares of Marks and Spencer Group in a research report on Tuesday, September 19th. Deutsche Bank reaffirmed a hold rating and issued a GBX 345 ($4.68) price objective on shares of Marks and Spencer Group in a research report on Wednesday, September 20th. reduced 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 report on Tuesday, November 7th. Finally, Barclays reduced their price objective on shares of Marks and Spencer Group from GBX 425 ($5.76) to GBX 370 ($5.02) and set an overweight rating for the company in a research report on Friday, September 1st. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Marks and Spencer Group presently has an average rating of Hold and a consensus price target of GBX 339.33 ($4.60).

Marks and Spencer Group (LON:MKS) traded up GBX 8 ($0.11) during trading hours on Monday, hitting GBX 309.20 ($4.19). 20,047,992 shares of the stock traded hands, compared to its average volume of 8,430,000. The company has a market capitalization of $5,020.00 and a P/E ratio of 2,810.91. Marks and Spencer Group has a one year low of GBX 296.30 ($4.02) and a one year high of GBX 397.80 ($5.39).

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

The firm also recently declared a dividend, which was paid on Friday, January 12th. Investors of record on Thursday, November 16th were paid a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, November 16th.

In other Marks and Spencer Group news, insider Archie Norman purchased 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average cost 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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