Marks and Spencer Group plc (LON:MKS)’s share price was down 1.8% during trading on Monday . The company traded as low as GBX 313.80 ($4.22) and last traded at GBX 314.20 ($4.23). Approximately 6,697,891 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 10,730,000 shares. The stock had previously closed at GBX 320.06 ($4.31).

A number of equities analysts have commented on MKS shares. Credit Suisse Group reissued a “neutral” rating and issued a GBX 370 ($4.98) price objective on shares of Marks and Spencer Group in a research note on Friday, September 1st. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 285 ($3.84) price objective on shares of Marks and Spencer Group in a research note on Tuesday, October 31st. 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 research note on Friday, September 8th. Barclays reissued an “overweight” rating and issued a GBX 370 ($4.98) price objective on shares of Marks and Spencer Group in a research note on Thursday, November 9th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 450 ($6.06) price objective on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. 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 stock. The stock has a consensus rating of “Hold” and an average target price of GBX 348.45 ($4.69).

Marks and Spencer Group (LON:MKS) last released its quarterly earnings data on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 5.62% and a net margin of 1.65%.

The business also recently disclosed a dividend, which will be paid on Friday, January 12th. Investors of record on Thursday, November 16th will be issued a GBX 6.80 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a yield of 2.13%.

In related news, insider Archie Norman acquired 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average price of GBX 300 ($4.04) per share, for a total transaction of £99,000 ($133,243.61).

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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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