Marks and Spencer Group (MKS) Price Target Cut to GBX 375

Marks and Spencer Group (LON:MKS) had its price objective decreased by Peel Hunt from GBX 450 ($6.10) to GBX 375 ($5.09) in a research report sent to investors on Friday morning. Peel Hunt currently has a buy rating on the retailer’s stock.

Several other brokerages also recently commented on MKS. Deutsche Bank reiterated a hold rating and set a GBX 345 ($4.68) target price on shares of Marks and Spencer Group in a report on Friday, October 6th. Jefferies Group reiterated a buy rating and set a GBX 420 ($5.70) target price on shares of Marks and Spencer Group in a report on Tuesday, September 26th. JPMorgan Chase & Co. reiterated an underweight rating and set a GBX 285 ($3.86) target price on shares of Marks and Spencer Group in a report on Tuesday, October 31st. Canaccord Genuity reiterated a hold rating and set a GBX 375 ($5.09) target price on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Finally, Barclays reiterated an overweight rating and set a GBX 370 ($5.02) target price on shares of Marks and Spencer Group in a report on Thursday, November 9th. Nine research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 339.33 ($4.60).

Shares of Marks and Spencer Group (MKS) opened at GBX 306.60 ($4.16) on Friday. The company has a market capitalization of $4,980.00 and a PE ratio of 2,787.27. Marks and Spencer Group has a twelve month low of GBX 296.30 ($4.02) and a twelve month high of GBX 397.80 ($5.39).

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

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

In other Marks and Spencer Group news, insider Archie Norman acquired 33,000 shares of the company’s stock in a transaction 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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Marks and Spencer Group 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 (LON:MKS)

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