Marks and Spencer Group Plc (LON:MKS) shares were down 0% during trading on Wednesday . The stock traded as low as GBX 285.80 ($4.01) and last traded at GBX 288.60 ($4.05). Approximately 8,925,571 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 8,130,000 shares. The stock had previously closed at GBX 288.60 ($4.05).
Several research analysts have commented on MKS shares. Deutsche Bank reiterated a “hold” rating on shares of Marks and Spencer Group in a report on Wednesday, December 13th. Berenberg Bank reiterated a “sell” rating and issued a GBX 260 ($3.65) target price on shares of Marks and Spencer Group in a report on Monday, December 18th. Jefferies Group reiterated a “buy” rating and issued a GBX 370 ($5.19) target price on shares of Marks and Spencer Group in a report on Tuesday, January 2nd. Peel Hunt reiterated a “buy” rating and issued a GBX 450 ($6.31) target price on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 285 ($4.00) target price on shares of Marks and Spencer Group in a report on Tuesday, November 28th. Ten equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 333.30 ($4.67).
The firm has a market cap of $4,690.00 and a PE ratio of 2,623.64.
In other Marks and Spencer Group news, insider Archie Norman acquired 33,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average price of GBX 300 ($4.21) per share, with a total value of £99,000 ($138,810.99).
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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