Marks and Spencer Group (MKS) Rating Reiterated by Deutsche Bank

Marks and Spencer Group (LON:MKS)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a report released on Wednesday.

A number of other equities research analysts also recently weighed in on the stock. reaffirmed a “buy” rating and set a GBX 400 ($5.61) price objective on shares of Marks and Spencer Group in a research report on Monday, November 13th. Peel Hunt reaffirmed a “buy” rating and set a GBX 450 ($6.31) price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Jefferies Group reaffirmed a “buy” rating and set a GBX 370 ($5.19) price objective on shares of Marks and Spencer Group in a research report on Thursday, December 14th. Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 375 ($5.26) price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a GBX 375 ($5.26) price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Ten investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Marks and Spencer Group has a consensus rating of “Hold” and a consensus target price of GBX 333.30 ($4.67).

Shares of Marks and Spencer Group (LON:MKS) opened at GBX 289 ($4.05) on Wednesday. The firm has a market cap of $4,720.00 and a PE ratio of 2,627.27. Marks and Spencer Group has a 1 year low of GBX 282 ($3.95) and a 1 year high of GBX 397.80 ($5.58).

Marks and Spencer Group (LON:MKS) last released its earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.02). The company had revenue of GBX 512.56 billion during the quarter. Marks and Spencer Group had a net margin of 1.65% and a return on equity of 5.62%.

In related news, insider Archie Norman purchased 33,000 shares of Marks and Spencer Group stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of GBX 300 ($4.21) per share, with a total value of £99,000 ($138,810.99).

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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.

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

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