Marks and Spencer Group (LON:MKS) had its price target reduced by Peel Hunt from GBX 450 ($6.10) to GBX 375 ($5.09) in a research note published on Friday. They currently have a buy rating on the retailer’s stock.

Several other brokerages have also commented on MKS. Deutsche Bank reiterated a hold rating and issued a GBX 345 ($4.68) target price on shares of Marks and Spencer Group in a research report on Friday, October 6th. Jefferies Group reiterated a buy rating and issued a GBX 420 ($5.70) target price on shares of Marks and Spencer Group in a research report on Tuesday, September 26th. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 285 ($3.86) target price on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. Canaccord Genuity reiterated a hold rating and issued a GBX 375 ($5.09) target price on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Barclays reiterated an overweight rating and issued a GBX 370 ($5.02) target price on shares of Marks and Spencer Group in a research report on Thursday, November 9th. Nine analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 339.33 ($4.60).

Marks and Spencer Group (LON:MKS) opened at GBX 306.60 ($4.16) on Friday. The company has a market capitalization of $4,980.00 and a P/E ratio of 2,787.27. Marks and Spencer Group has a 12-month low of GBX 296.30 ($4.02) and a 12-month high of GBX 397.80 ($5.39).

Marks and Spencer Group (LON:MKS) last issued its earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.15) EPS for the quarter, topping the consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). The company 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 business also recently disclosed a dividend, which was paid on Friday, January 12th. Investors of record on Thursday, November 16th were given a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date was Thursday, November 16th. This represents a yield of 2.13%.

In related news, insider Archie Norman acquired 33,000 shares of Marks and Spencer Group stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average price of GBX 300 ($4.07) per share, for a total transaction of £99,000 ($134,255.49).

COPYRIGHT VIOLATION WARNING: “Marks and Spencer Group (MKS) Price Target Cut to GBX 375” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/marks-and-spencer-group-mks-price-target-cut-to-gbx-375/1808738.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.