Deutsche Bank reaffirmed their hold rating on shares of Marks and Spencer Group (LON:MKS) in a research report released on Tuesday morning. Deutsche Bank currently has a GBX 335 ($4.48) price target on the retailer’s stock.
Several other equities analysts also recently commented on MKS. Credit Suisse Group restated a neutral rating and set a GBX 370 ($4.95) target price on shares of Marks and Spencer Group in a research report on Tuesday, September 19th. Jefferies Group restated a buy rating and set a GBX 420 ($5.62) target price on shares of Marks and Spencer Group in a research report on Tuesday, September 26th. JPMorgan Chase & Co. restated an underweight rating and set a GBX 285 ($3.81) target price on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. cut their target price on Marks and Spencer Group from GBX 435 ($5.82) to GBX 410 ($5.48) and set a buy rating for the company in a research report on Tuesday, November 7th. Finally, Shore Capital restated a hold rating on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 345.73 ($4.62).
Shares of Marks and Spencer Group (LON:MKS) traded up GBX 4.10 ($0.05) during mid-day trading on Tuesday, hitting GBX 312.90 ($4.18). The company’s stock had a trading volume of 4,294,738 shares, compared to its average volume of 7,770,000. Marks and Spencer Group has a 52 week low of GBX 296.30 ($3.96) and a 52 week high of GBX 397.80 ($5.32). The company has a market cap of $5,020.00 and a P/E ratio of 2,844.55.
The firm also recently disclosed a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, November 16th will be given a GBX 6.80 ($0.09) dividend. The ex-dividend date is 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 business’s stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average price of GBX 300 ($4.01) per share, for a total transaction of £99,000 ($132,370.64).
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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.
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