Canaccord Genuity Reaffirms “Hold” Rating for Marks and Spencer Group Plc (MKS)
Canaccord Genuity reaffirmed their hold rating on shares of Marks and Spencer Group Plc (LON:MKS) in a research report sent to investors on Wednesday morning. Canaccord Genuity currently has a GBX 375 ($4.93) price objective on the retailer’s stock.
Several other research analysts have also recently issued reports on the company. Peel Hunt reissued a buy rating and issued a GBX 450 ($5.92) target price on shares of Marks and Spencer Group Plc in a research report on Wednesday. Liberum Capital reissued a sell rating and issued a GBX 250 ($3.29) target price on shares of Marks and Spencer Group Plc in a research report on Wednesday. Shore Capital reissued a hold rating on shares of Marks and Spencer Group Plc in a research report on Wednesday. HSBC Holdings plc decreased their price objective on Marks and Spencer Group Plc from GBX 435 ($5.72) to GBX 410 ($5.39) and set a buy rating on the stock in a research note on Tuesday. Finally, J P Morgan Chase & Co reaffirmed an underweight rating and issued a GBX 285 ($3.75) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, October 31st. Nine equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Marks and Spencer Group Plc has an average rating of Hold and a consensus price target of GBX 353.32 ($4.65).
Shares of Marks and Spencer Group Plc (MKS) traded down GBX 6 ($0.08) during trading hours on Wednesday, reaching GBX 319.20 ($4.20). The company’s stock had a trading volume of 13,642,455 shares, compared to its average volume of 7,940,000. Marks and Spencer Group Plc has a fifty-two week low of GBX 306.70 ($4.03) and a fifty-two week high of GBX 397.80 ($5.23).
Marks and Spencer Group Plc (LON:MKS) last announced its earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). The business had revenue of GBX 512.56 billion for the quarter. Marks and Spencer Group Plc had a return on equity of 6.40% and a net margin of 1.77%.
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The firm also recently announced a dividend, which will be paid on Friday, January 12th. Investors of record on Thursday, November 16th will be paid a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 2.13%. The ex-dividend date of this dividend is Thursday, November 16th.
In other Marks and Spencer Group Plc news, insider Archie Norman bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average price of GBX 320 ($4.21) per share, with a total value of £32,000 ($42,088.65).
Marks and Spencer Group Plc 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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