Marks and Spencer Group (MKS) Given Sell Rating at Liberum Capital

Marks and Spencer Group (LON:MKS)‘s stock had its “sell” rating reaffirmed by equities researchers at Liberum Capital in a research note issued to investors on Thursday. They currently have a GBX 250 ($3.39) target price on the retailer’s stock. Liberum Capital’s price target indicates a potential downside of 17.33% from the company’s previous close.

Other analysts also recently issued reports about the company. lowered their price target on Marks and Spencer Group from GBX 435 ($5.90) to GBX 410 ($5.56) and set a “buy” rating for the company in a research report on Tuesday, November 7th. Jefferies Group restated a “buy” rating and issued a GBX 420 ($5.70) price target on shares of Marks and Spencer Group in a research report on Tuesday, September 26th. Peel Hunt restated a “buy” rating and issued a GBX 450 ($6.10) price target on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Canaccord Genuity Group restated a “hold” rating and issued a GBX 375 ($5.09) price target on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Canaccord Genuity restated a “hold” rating and issued a GBX 375 ($5.09) price target on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Marks and Spencer Group presently has a consensus rating of “Hold” and a consensus target price of GBX 344.59 ($4.67).

Marks and Spencer Group (LON:MKS) traded down GBX 21.60 ($0.29) during midday trading on Thursday, hitting GBX 302.40 ($4.10). The stock had a trading volume of 13,230,761 shares, compared to its average volume of 8,400,000. The company has a market cap of $4,910.00 and a P/E ratio of 2,749.09. Marks and Spencer Group has a 52-week low of GBX 296.30 ($4.02) and a 52-week high of GBX 397.80 ($5.39).

Marks and Spencer Group (LON:MKS) last posted its earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.15) EPS for the quarter, beating analysts’ consensus estimates of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). The firm had revenue of GBX 512.56 billion during the quarter. Marks and Spencer Group had a return on equity of 5.62% and a net margin of 1.65%.

In other Marks and Spencer Group news, insider Archie Norman bought 33,000 shares of Marks and Spencer Group stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average price of GBX 300 ($4.07) per share, for a total transaction of £99,000 ($134,255.49).

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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.

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

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