Deutsche Bank restated their hold rating on shares of Marks and Spencer Group (LON:MKS) in a report issued on Tuesday morning. Deutsche Bank currently has a GBX 335 ($4.51) target price on the retailer’s stock.
Several other research analysts also recently commented on the stock. Credit Suisse Group reissued a neutral rating and set a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a research note on Friday, September 1st. J P Morgan Chase & Co reissued an underweight rating and set a GBX 285 ($3.84) price target on shares of Marks and Spencer Group in a research note on Tuesday, October 31st. Barclays reissued an overweight rating and set a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a research note on Thursday, November 9th. Peel Hunt reissued a buy rating and set a GBX 450 ($6.06) price target on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. Finally, Shore Capital reaffirmed a hold rating on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 345.73 ($4.65).
Marks and Spencer Group (LON MKS) opened at GBX 313.50 ($4.22) on Tuesday. The company has a market cap of $5,130.00 and a P/E ratio of 2,850.00. Marks and Spencer Group has a one year low of GBX 296.30 ($3.99) and a one year high of GBX 397.80 ($5.35).
The firm also recently announced a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, November 16th will be issued a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, November 16th.
In other Marks and Spencer Group news, insider Archie Norman bought 33,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were purchased at an average price of GBX 300 ($4.04) per share, for a total transaction of £99,000 ($133,243.61).
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Marks and Spencer Group 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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