Jefferies Group Reaffirms “Buy” Rating for Marks and Spencer Group (MKS)
Jefferies Group reissued their buy rating on shares of Marks and Spencer Group (LON:MKS) in a research note released on Tuesday morning. The brokerage currently has a GBX 370 ($4.95) price objective on the retailer’s stock.
A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. restated an underweight rating and set a GBX 285 ($3.81) price objective on shares of Marks and Spencer Group in a research note on Tuesday, October 31st. Deutsche Bank lowered their price objective on Marks and Spencer Group from GBX 360 ($4.81) to GBX 345 ($4.61) and set a hold rating for the company in a research note on Friday, September 8th. Barclays reissued an overweight rating and issued a GBX 370 ($4.95) price target on shares of Marks and Spencer Group in a research note on Thursday, November 9th. Peel Hunt reissued a buy rating and issued a GBX 450 ($6.02) price target on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. Finally, Shore Capital reissued a hold rating on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 345.73 ($4.62).
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 had a trading volume of 4,294,738 shares, compared to its average volume of 7,770,000. The firm has a market cap of $5,020.00 and a price-to-earnings ratio of 2,844.55. Marks and Spencer Group has a twelve month low of GBX 296.30 ($3.96) and a twelve month high of GBX 397.80 ($5.32).
Marks and Spencer Group (LON:MKS) last issued its quarterly earnings data on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). 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 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. The ex-dividend date is Thursday, November 16th. This represents a yield of 2.13%.
In other news, insider Archie Norman bought 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average price of GBX 300 ($4.01) per share, with a total value 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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