Deutsche Bank Reaffirms “Hold” Rating for Marks and Spencer Group (LON:MKS)

Deutsche Bank reissued their hold rating on shares of Marks and Spencer Group (LON:MKS) in a research note released on Friday, January 19th. They currently have a GBX 330 ($4.56) price target on the retailer’s stock.

Several other research firms have also recently weighed in on MKS. Canaccord Genuity Group reaffirmed a hold rating and set a GBX 375 ($5.18) price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Jefferies Group reaffirmed a buy rating and set a GBX 420 ($5.80) price objective on shares of Marks and Spencer Group in a research report on Tuesday, September 26th. JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 285 ($3.94) price objective on shares of Marks and Spencer Group in a research report on Thursday, November 9th. Canaccord Genuity reaffirmed a hold rating and set a GBX 375 ($5.18) price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Credit Suisse Group reissued a neutral rating and issued a GBX 370 ($5.11) price target on shares of Marks and Spencer Group in a research report on Tuesday, November 21st. Ten equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 333.30 ($4.60).

Shares of Marks and Spencer Group (LON:MKS) traded up GBX 2.80 ($0.04) during trading hours on Friday, reaching GBX 290.80 ($4.02). The company had a trading volume of 6,589,665 shares, compared to its average volume of 8,670,000. Marks and Spencer Group has a 52 week low of GBX 282 ($3.90) and a 52 week high of GBX 397.80 ($5.50). The stock has a market cap of $4,720.00 and a P/E ratio of 2,643.64.

In related news, insider Archie Norman bought 33,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average cost of GBX 300 ($4.14) per share, for a total transaction of £99,000 ($136,778.12).

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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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