Marks and Spencer Group (LON:MKS) had its price objective decreased by Goldman Sachs Group from GBX 330 ($4.44) to GBX 275 ($3.70) in a research note published on Monday morning. Goldman Sachs Group currently has a sell rating on the retailer’s stock.
Several other research firms have also issued reports on MKS. Deutsche Bank restated a hold rating and issued a GBX 345 ($4.64) price target on shares of Marks and Spencer Group in a research report on Friday, October 6th. Jefferies Group restated a buy rating and issued a GBX 420 ($5.65) price target on shares of Marks and Spencer Group in a research report on Tuesday, September 26th. J P Morgan Chase & Co restated an underweight rating and issued a GBX 285 ($3.84) price target on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. Canaccord Genuity restated a hold rating and issued a GBX 375 ($5.05) price target on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Barclays restated an overweight rating and issued a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a research report on Thursday, November 9th. Nine analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 350.70 ($4.72).
Marks and Spencer Group (LON MKS) traded down GBX 0.70 ($0.01) during midday trading on Monday, hitting GBX 315.50 ($4.25). 10,810,036 shares of the company were exchanged, compared to its average volume of 10,450,000. Marks and Spencer Group has a fifty-two week low of GBX 296.30 ($3.99) and a fifty-two week high of GBX 397.80 ($5.35).
The company also recently disclosed a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, November 16th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 2.13%. The ex-dividend date is Thursday, November 16th.
In other news, insider Archie Norman acquired 33,000 shares of the stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of GBX 300 ($4.04) per share, for a total transaction of £99,000 ($133,243.61).
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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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