Shore Capital reaffirmed their hold rating on shares of Marks and Spencer Group (LON:MKS) in a report issued on Thursday.

A number of other research firms have also recently issued reports on MKS. Deutsche Bank reiterated a hold rating and set a GBX 335 ($4.54) price objective on shares of Marks and Spencer Group in a research report on Tuesday, December 19th. Credit Suisse Group reiterated a neutral rating and set a GBX 370 ($5.02) price objective on shares of Marks and Spencer Group in a research report on Tuesday, September 19th. JPMorgan Chase & Co. reiterated an underweight rating and set a GBX 285 ($3.86) price objective on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. Peel Hunt reiterated a buy rating and set a GBX 450 ($6.10) price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Investec reiterated a sell rating and set a GBX 270 ($3.66) price objective on shares of Marks and Spencer Group in a research report on Thursday. Nine equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 339.33 ($4.60).

Shares of Marks and Spencer Group (MKS) traded up GBX 8 ($0.11) during trading on Thursday, hitting GBX 309.20 ($4.19). 20,047,992 shares of the stock were exchanged, compared to its average volume of 8,350,000. 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). The company has a market cap of $5,020.00 and a P/E ratio of 2,810.91.

Marks and Spencer Group (LON:MKS) last released its quarterly earnings data on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). The business had revenue of GBX 512.56 billion during the quarter. Marks and Spencer Group had a net margin of 1.65% and a return on equity of 5.62%.

The firm also recently declared a dividend, which was paid on Friday, January 12th. Shareholders of record on Thursday, November 16th were given a GBX 6.80 ($0.09) dividend. This represents a yield of 2.13%. The ex-dividend date was Thursday, November 16th.

In other Marks and Spencer Group news, insider Archie Norman purchased 33,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average cost of GBX 300 ($4.07) per share, for a total transaction of £99,000 ($134,255.49).

TRADEMARK VIOLATION NOTICE: “Marks and Spencer Group (MKS) Rating Reiterated by Shore Capital” was reported by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.watchlistnews.com/marks-and-spencer-group-mks-rating-reiterated-by-shore-capital/1807157.html.

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.

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 Analyst Ratings Network's FREE daily email newsletter.