Marks and Spencer Group (MKS) Earns “Sell” Rating from Berenberg Bank
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).
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).
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.
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