Marks and Spencer Group (MKS) Receives “Underweight” Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Marks and Spencer Group (LON:MKS) in a research note published on Thursday. JPMorgan Chase & Co. currently has a GBX 285 ($3.86) target price on the retailer’s stock.
MKS has been the topic of a number of other reports. Deutsche Bank reissued a hold rating and set a GBX 345 ($4.68) price target on shares of Marks and Spencer Group in a report on Wednesday, September 20th. Jefferies Group reissued a buy rating and set a GBX 420 ($5.70) price target on shares of Marks and Spencer Group in a report on Tuesday, September 26th. lowered their price target on Marks and Spencer Group from GBX 435 ($5.90) to GBX 410 ($5.56) and set a buy rating on the stock in a report on Tuesday, November 7th. Shore Capital reaffirmed a hold rating on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Finally, Liberum Capital reaffirmed a sell rating and set a GBX 250 ($3.39) target price on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 337.55 ($4.58).
Shares of Marks and Spencer Group (LON:MKS) traded down GBX 2.20 ($0.03) on Thursday, reaching GBX 304 ($4.12). The company had a trading volume of 10,125,122 shares, compared to its average volume of 7,630,000. Marks and Spencer Group has a 52-week low of GBX 296.30 ($4.02) and a 52-week high of GBX 397.80 ($5.39). The company has a market capitalization of $4,940.00 and a PE ratio of 2,763.64.
The company also recently disclosed a dividend, which was paid on Friday, January 12th. Stockholders of record on Thursday, November 16th were given a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 2.13%. The ex-dividend date was Thursday, November 16th.
In related news, insider Archie Norman purchased 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average price of GBX 300 ($4.07) per share, with a total value of £99,000 ($134,255.49).
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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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