Marks and Spencer Group (MKS) Rating Reiterated by Shore Capital
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).
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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