Marks and Spencer Group’s (MKS) Hold Rating Reaffirmed at Deutsche Bank

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).

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) EPS for the quarter, topping the consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). The firm had revenue of GBX 512.56 billion for the quarter. Marks and Spencer Group had a net margin of 1.65% and a return on equity of 5.62%.

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).

ILLEGAL ACTIVITY WARNING: “Marks and Spencer Group’s (MKS) Hold Rating Reaffirmed at Deutsche Bank” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.com-unik.info/2017/12/23/marks-and-spencer-groups-mks-hold-rating-reaffirmed-at-deutsche-bank.html.

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.

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

Receive News & Ratings for Marks and Spencer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit