Berenberg Bank restated their sell rating on shares of Marks and Spencer Group (LON:MKS) in a report issued on Monday morning. The firm currently has a GBX 260 ($3.50) target price on the retailer’s stock.

Several other research analysts also recently commented on MKS. Credit Suisse Group restated a neutral rating and set a GBX 370 ($4.98) price objective on shares of Marks and Spencer Group in a report on Friday, September 1st. Barclays reduced their price objective on Marks and Spencer Group from GBX 425 ($5.72) to GBX 370 ($4.98) and set an overweight rating on the stock in a report on Friday, September 1st. Deutsche Bank reduced their price objective on Marks and Spencer Group from GBX 360 ($4.85) to GBX 345 ($4.64) and set a hold rating on the stock in a report on Friday, September 8th. Jefferies Group restated a buy rating and set a GBX 420 ($5.65) price objective on shares of Marks and Spencer Group in a report on Tuesday, September 26th. Finally, J P Morgan Chase & Co restated an underweight rating and set a GBX 285 ($3.84) price objective on shares of Marks and Spencer Group in a report on Tuesday, October 31st. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 345.73 ($4.65).

Shares of Marks and Spencer Group (LON MKS) opened at GBX 311 ($4.19) on Monday. Marks and Spencer Group has a fifty-two week low of GBX 296.30 ($3.99) and a fifty-two week high of GBX 397.80 ($5.35).

Marks and Spencer Group (LON:MKS) last issued its quarterly earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share for the quarter, topping the consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). Marks and Spencer Group had a return on equity of 5.62% and a net margin of 1.65%. The firm had revenue of GBX 512.56 billion for the quarter.

The business also recently announced a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, November 16th will be given a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a yield of 2.13%.

In related news, insider Archie Norman bought 33,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average price of GBX 300 ($4.04) per share, with a total value of £99,000 ($133,243.61).

COPYRIGHT VIOLATION WARNING: “Marks and Spencer Group (MKS) Earns “Sell” Rating from Berenberg Bank” was published by Watch List News and is owned by of Watch List News. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/marks-and-spencer-group-mks-earns-sell-rating-from-berenberg-bank/1775686.html.

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)

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.