Marks and Spencer Group (LON:MKS)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday.

A number of other research firms have also recently issued reports on MKS. Jefferies Group reiterated a “buy” rating and issued a GBX 420 ($5.65) target price on shares of Marks and Spencer Group in a research report on Tuesday, September 26th. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 285 ($3.84) price target on shares of Marks and Spencer Group in a report on Tuesday, October 31st. Barclays restated an “overweight” rating and set a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a report on Thursday, November 9th. Canaccord Genuity restated a “hold” rating and set a GBX 375 ($5.05) price target on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Finally, Credit Suisse Group restated a “neutral” rating and set a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a report on Tuesday, September 19th. 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 company. The company presently has an average rating of “Hold” and an average target price of GBX 348.45 ($4.69).

Marks and Spencer Group (LON MKS) opened at GBX 312.63 ($4.21) on Wednesday. Marks and Spencer Group has a 12-month low of GBX 296.30 ($3.99) and a 12-month high of GBX 397.80 ($5.35).

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

In other Marks and Spencer Group news, insider Archie Norman purchased 33,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of GBX 300 ($4.04) per share, with a total value of £99,000 ($133,243.61).

TRADEMARK VIOLATION WARNING: “Deutsche Bank Reiterates “Hold” Rating for Marks and Spencer Group (MKS)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/13/deutsche-bank-reiterates-hold-rating-for-marks-and-spencer-group-mks.html.

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)

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.