Marks and Spencer Group Plc (LON:MKS) fell 0% during mid-day trading on Tuesday . The company traded as low as GBX 304.60 ($4.28) and last traded at GBX 305.10 ($4.28). 8,462,733 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 7,760,000 shares. The stock had previously closed at GBX 305.10 ($4.28).
A number of brokerages recently issued reports on MKS. Barclays restated an “overweight” rating and issued a GBX 370 ($5.20) price objective on shares of Marks and Spencer Group in a research note on Friday, January 12th. Liberum Capital restated a “sell” rating and issued a GBX 250 ($3.51) price objective on shares of Marks and Spencer Group in a research note on Thursday, January 11th. Jefferies Group restated a “buy” rating and issued a GBX 370 ($5.20) price objective on shares of Marks and Spencer Group in a research note on Tuesday, January 2nd. Peel Hunt restated a “buy” rating and issued a GBX 450 ($6.32) price objective on shares of Marks and Spencer Group in a research note on Tuesday, December 5th. Finally, Credit Suisse Group restated a “neutral” rating and issued a GBX 370 ($5.20) price objective on shares of Marks and Spencer Group in a research note on Tuesday, November 21st. Ten research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 333.30 ($4.68).
The firm has a market cap of $4,900.00 and a price-to-earnings ratio of 2,739.09.
Marks and Spencer Group (LON:MKS) last released its quarterly earnings data on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.02). Marks and Spencer Group had a return on equity of 5.62% and a net margin of 1.65%. The business had revenue of GBX 512.56 billion for the quarter.
The company also recently disclosed a dividend, which was paid on Friday, January 12th. Shareholders of record on Thursday, November 16th were paid a GBX 6.80 ($0.10) dividend. This represents a yield of 2.13%. The ex-dividend date of this dividend was Thursday, November 16th.
In other news, insider Archie Norman acquired 33,000 shares of Marks and Spencer Group stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average price of GBX 300 ($4.21) per share, with a total value of £99,000 ($139,025.42).
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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.
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