Marks and Spencer Group Plc’s (MKS) “Buy” Rating Reiterated at Peel Hunt
Peel Hunt reiterated their buy rating on shares of Marks and Spencer Group Plc (LON:MKS) in a report issued on Wednesday morning. The brokerage currently has a GBX 450 ($5.92) price target on the retailer’s stock.
Other equities research analysts have also recently issued research reports about the company. HSBC Holdings plc reissued a buy rating and issued a GBX 435 ($5.72) price target on shares of Marks and Spencer Group Plc in a research note on Friday, July 21st. Jefferies Group LLC reissued a buy rating and issued a GBX 420 ($5.52) price target on shares of Marks and Spencer Group Plc in a research note on Tuesday, September 26th. Deutsche Bank AG reissued a hold rating and issued a GBX 360 ($4.73) price target on shares of Marks and Spencer Group Plc in a research note on Tuesday, August 1st. Finally, Shore Capital reissued a hold rating on shares of Marks and Spencer Group Plc in a research note on Tuesday, July 11th. Nine research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Marks and Spencer Group Plc has a consensus rating of Hold and a consensus price target of GBX 353.32 ($4.65).
Shares of Marks and Spencer Group Plc (MKS) traded down GBX 6 ($0.08) during mid-day trading on Wednesday, 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 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 issued its quarterly earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share for the quarter, beating the consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). The company had revenue of GBX 512.56 billion during the quarter. Marks and Spencer Group Plc had a return on equity of 6.40% and a net margin of 1.77%.
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The business also recently announced a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, November 16th will be issued a GBX 6.80 ($0.09) dividend. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 2.13%.
In related news, insider Archie Norman bought 10,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were bought 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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