Marks and Spencer Group (MKS) Rating Reiterated by Deutsche Bank

Marks and Spencer Group (MKS) Rating Reiterated by Deutsche Bank

Deutsche Bank reiterated their hold rating on shares of Marks and Spencer Group (LON:MKS) in a report issued on Wednesday. They currently have a GBX 330 ($4.56) target price on the retailer’s stock.

A number of other brokerages have also recently weighed in on MKS. JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 285 ($3.94) price target on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. Peel Hunt reissued a buy rating and issued a GBX 450 ($6.22) price target on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Investec reissued a sell rating and issued a GBX 270 ($3.73) price target on shares of Marks and Spencer Group in a research report on Thursday, January 11th. Canaccord Genuity Group reissued a hold rating and issued a GBX 375 ($5.18) price target on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Goldman Sachs Group reduced their price target on shares of Marks and Spencer Group from GBX 330 ($4.56) to GBX 275 ($3.80) and set a sell rating for the company in a research report on Monday, December 4th. Ten investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Marks and Spencer Group presently has a consensus rating of Hold and a consensus target price of GBX 333.30 ($4.60).

Shares of Marks and Spencer Group (LON MKS) opened at GBX 298.80 ($4.13) on Wednesday. Marks and Spencer Group has a 1 year low of GBX 282 ($3.90) and a 1 year high of GBX 397.80 ($5.50). The firm has a market cap of $4,850.00 and a price-to-earnings ratio of 2,716.36.

In other Marks and Spencer Group news, insider Archie Norman bought 33,000 shares of Marks and Spencer Group stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average cost of GBX 300 ($4.14) per share, with a total value of £99,000 ($136,778.12).

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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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Deutsche Bank restated their hold rating on shares of Marks and Spencer Group (LON:MKS) in a report published on Wednesday morning. Deutsche Bank currently has a GBX 330 ($4.56) price objective on the retailer’s stock.

A number of other analysts also recently issued reports on MKS. Canaccord Genuity Group restated a hold rating and set a GBX 375 ($5.18) price target on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Liberum Capital restated a sell rating and set a GBX 250 ($3.45) price target on shares of Marks and Spencer Group in a report on Friday, February 2nd. JPMorgan Chase & Co. restated an underweight rating and set a GBX 285 ($3.94) price target on shares of Marks and Spencer Group in a report on Thursday, November 9th. Canaccord Genuity restated a hold rating and set a GBX 375 ($5.18) price target on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Finally, Credit Suisse Group restated a neutral rating and set a GBX 370 ($5.11) price target on shares of Marks and Spencer Group in a report on Tuesday, November 21st. Ten equities 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 stock. The company currently has an average rating of Hold and an average price target of GBX 333.30 ($4.60).

Shares of Marks and Spencer Group (MKS) opened at GBX 298.80 ($4.13) on Wednesday. The stock has a market cap of $4,850.00 and a P/E ratio of 2,716.36. Marks and Spencer Group has a 1-year low of GBX 282 ($3.90) and a 1-year high of GBX 397.80 ($5.50).

In other Marks and Spencer Group news, insider Archie Norman purchased 33,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average price of GBX 300 ($4.14) per share, for a total transaction of £99,000 ($136,778.12).

COPYRIGHT VIOLATION NOTICE: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/18/marks-and-spencer-group-mks-rating-reiterated-by-deutsche-bank.html.

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)

Receive News & Ratings for Marks and Spencer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group and related companies with MarketBeat.com's FREE daily email newsletter.

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