Marks and Spencer Group (MKS) Trading Up 0%
Shares of Marks and Spencer Group Plc (LON:MKS) were up 0% on Friday . The company traded as high as GBX 312 ($4.23) and last traded at GBX 309.20 ($4.19). Approximately 15,016,725 shares were traded during mid-day trading, an increase of 78% from the average daily volume of 8,430,000 shares. The stock had previously closed at GBX 309.20 ($4.19).
Several analysts have weighed in on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 285 ($3.86) price objective on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. Barclays reiterated an “overweight” rating and issued a GBX 370 ($5.02) price objective on shares of Marks and Spencer Group in a research report on Thursday, November 9th. Deutsche Bank reiterated a “hold” rating and issued a GBX 335 ($4.54) price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 15th. Peel Hunt reiterated a “buy” rating and issued a GBX 450 ($6.10) price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 370 ($5.02) price objective on shares of Marks and Spencer Group in a research report on Thursday, December 14th. Nine analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 339.33 ($4.60).
The company has a market capitalization of $5,020.00 and a P/E ratio of 2,810.91.
Marks and Spencer Group (LON:MKS) last released its earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.15) EPS for the quarter, topping analysts’ consensus estimates of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). Marks and Spencer Group had a return on equity of 5.62% and a net margin of 1.65%. The firm had revenue of GBX 512.56 billion for the quarter.
The business also recently announced a dividend, which was paid on Friday, January 12th. Stockholders of record on Thursday, November 16th were paid a GBX 6.80 ($0.09) dividend. The ex-dividend date was Thursday, November 16th. This represents a dividend yield of 2.13%.
In other Marks and Spencer Group news, insider Archie Norman purchased 33,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were purchased at an average cost of GBX 300 ($4.07) per share, with a total value of £99,000 ($134,255.49).
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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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