Marks and Spencer Group (LON:MKS) had its price objective reduced by Deutsche Bank from GBX 335 ($4.70) to GBX 330 ($4.63) in a research note released on Friday, January 12th. Deutsche Bank currently has a hold rating on the retailer’s stock.
Other equities analysts have also recently issued research reports about the company. Credit Suisse Group reissued a neutral rating and issued a GBX 370 ($5.20) price objective on shares of Marks and Spencer Group in a report on Tuesday, September 19th. Jefferies Group reissued a buy rating and issued a GBX 420 ($5.90) price objective on shares of Marks and Spencer Group in a report on Tuesday, September 26th. JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 285 ($4.00) price objective on shares of Marks and Spencer Group in a report on Tuesday, October 31st. cut their price target on Marks and Spencer Group from GBX 435 ($6.11) to GBX 410 ($5.76) and set a buy rating for the company in a research note on Tuesday, November 7th. Finally, Shore Capital restated a hold rating on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. Ten research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Marks and Spencer Group currently has an average rating of Hold and an average price target of GBX 333.30 ($4.68).
Marks and Spencer Group (LON MKS) traded down GBX 4.20 ($0.06) during trading on Friday, hitting GBX 297 ($4.17). The stock had a trading volume of 9,244,940 shares, compared to its average volume of 7,600,000. The firm has a market cap of $4,830.00 and a PE ratio of 2,700.00. Marks and Spencer Group has a 52-week low of GBX 296.30 ($4.16) and a 52-week high of GBX 397.80 ($5.59).
Marks and Spencer Group (LON:MKS) last posted 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 ($0.02). The firm had revenue of GBX 512.56 billion during the quarter. Marks and Spencer Group had a return on equity of 5.62% and a net margin of 1.65%.
The company also recently declared a dividend, which was paid on Friday, January 12th. Shareholders of record on Thursday, November 16th were paid a dividend of GBX 6.80 ($0.10) per share. This represents a yield of 2.13%. The ex-dividend date of this dividend was Thursday, November 16th.
In other 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 cost of GBX 300 ($4.21) per share, for a total transaction 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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