Marks and Spencer Group Plc (MKS) Rating Reiterated by Liberum Capital
Liberum Capital reaffirmed their sell rating on shares of Marks and Spencer Group Plc (LON:MKS) in a report published on Wednesday. The firm currently has a GBX 250 ($3.29) price target on the retailer’s stock.
MKS has been the topic of several other reports. Societe Generale downgraded Marks and Spencer Group Plc to a sell rating and cut their target price for the company from GBX 376 ($4.95) to GBX 301 ($3.96) in a research note on Wednesday, July 12th. Deutsche Bank AG reiterated a hold rating and set a GBX 360 ($4.73) target price on shares of Marks and Spencer Group Plc in a research note on Thursday, July 13th. Investec reiterated a sell rating and set a GBX 295 ($3.88) target price on shares of Marks and Spencer Group Plc in a research note on Tuesday, July 11th. HSBC Holdings plc cut their target price on Marks and Spencer Group Plc from GBX 435 ($5.72) to GBX 410 ($5.39) and set a buy rating on the stock in a research note on Tuesday, November 7th. Finally, Shore Capital reiterated a hold rating on shares of Marks and Spencer Group Plc in a research note on Wednesday. Nine analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 353.32 ($4.65).
Marks and Spencer Group Plc (LON MKS) traded down GBX 6 ($0.08) during trading on Wednesday, hitting GBX 319.20 ($4.20). The company had a trading volume of 13,642,455 shares, compared to its average volume of 7,940,000. Marks and Spencer Group Plc has a 52 week low of GBX 306.70 ($4.03) and a 52 week high of GBX 397.80 ($5.23).
Marks and Spencer Group Plc (LON:MKS) last issued its earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) EPS for the quarter, beating the consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). Marks and Spencer Group Plc had a return on equity of 6.40% and a net margin of 1.77%. The business had revenue of GBX 512.56 billion for the quarter.
The company also recently disclosed a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, November 16th will be given a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 2.13%.
In other news, insider Archie Norman acquired 10,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was purchased at an average price of GBX 320 ($4.21) per share, for a total transaction of £32,000 ($42,088.65).
About Marks and Spencer Group Plc
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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