J P Morgan Chase & Co reaffirmed their underweight rating on shares of Marks and Spencer Group Plc (LON:MKS) in a report issued on Thursday. J P Morgan Chase & Co currently has a GBX 285 ($3.75) price target on the retailer’s stock.

Several other analysts also recently issued reports on the stock. Credit Suisse Group reissued a neutral rating and issued a GBX 370 ($4.87) price objective on shares of Marks and Spencer Group Plc in a research note on Friday, September 1st. Deutsche Bank AG decreased their price objective on shares of Marks and Spencer Group Plc from GBX 360 ($4.73) to GBX 345 ($4.54) and set a hold rating for the company in a research note on Friday, September 8th. HSBC Holdings plc reissued a buy rating and issued a GBX 435 ($5.72) price objective on shares of Marks and Spencer Group Plc in a research note on Thursday, July 27th. Barclays PLC decreased their price objective on shares of Marks and Spencer Group Plc from GBX 425 ($5.59) to GBX 370 ($4.87) and set an overweight rating for the company in a research note on Friday, September 1st. Finally, Societe Generale downgraded shares of Marks and Spencer Group Plc to a sell rating and decreased their price objective for the stock from GBX 376 ($4.95) to GBX 301 ($3.96) in a research note on Wednesday, July 12th. Nine investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Marks and Spencer Group Plc currently has an average rating of Hold and an average target price of GBX 353.32 ($4.65).

Marks and Spencer Group Plc (MKS) traded down GBX 6 ($0.08) on Thursday, reaching 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 12 month low of GBX 306.70 ($4.03) and a 12 month high of GBX 397.80 ($5.23).

Marks and Spencer Group Plc (LON:MKS) last announced its quarterly earnings data on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 Plc had a net margin of 1.77% and a return on equity of 6.40%.

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

In other news, insider Archie Norman purchased 10,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of GBX 320 ($4.21) per share, with a total value of £32,000 ($42,088.65).

Marks and Spencer Group Plc 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.

Analyst Recommendations for Marks and Spencer Group Plc (LON:MKS)

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