Marks and Spencer Group Plc (MKS) Stock Rating Reaffirmed by Barclays PLC
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “overweight” rating reissued by stock analysts at Barclays PLC in a note issued to investors on Thursday. They presently have a GBX 370 ($4.87) price target on the retailer’s stock. Barclays PLC’s price target would suggest a potential upside of 15.91% from the company’s previous close.
A number of other research analysts also recently issued reports on MKS. Societe Generale downgraded Marks and Spencer Group Plc to a “sell” rating and cut their price target for the company from GBX 376 ($4.95) to GBX 301 ($3.96) in a report on Wednesday, July 12th. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 285 ($3.75) target price on shares of Marks and Spencer Group Plc in a research note on Wednesday, July 12th. Deutsche Bank AG restated 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. HSBC Holdings plc restated a “buy” rating and set a GBX 435 ($5.72) target price on shares of Marks and Spencer Group Plc in a research note on Friday, July 21st. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 370 ($4.87) price target on shares of Marks and Spencer Group Plc in a research report on Friday, September 1st. Nine research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Marks and Spencer Group Plc presently has a consensus rating of “Hold” and an average price target of GBX 353.32 ($4.65).
Shares of Marks and Spencer Group Plc (LON MKS) traded down GBX 6 ($0.08) during trading hours on Thursday, hitting GBX 319.20 ($4.20). The stock 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 twelve month low of GBX 306.70 ($4.03) and a twelve month high of GBX 397.80 ($5.23).
Marks and Spencer Group Plc (LON:MKS) last announced its quarterly earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ 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.
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In other news, insider Archie Norman purchased 10,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were bought at an average cost of GBX 320 ($4.21) per share, for a total transaction 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.
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