Marks and Spencer Group’s (MKS) Underweight Rating Reiterated at J P Morgan Chase & Co
J P Morgan Chase & Co reaffirmed their underweight rating on shares of Marks and Spencer Group (LON:MKS) in a research report report published on Friday. They currently have a GBX 285 ($3.84) target price on the retailer’s stock.
A number of other equities research analysts have also recently weighed in on the company. Credit Suisse Group reiterated a neutral rating and issued a GBX 370 ($4.98) price objective on shares of Marks and Spencer Group in a research note on Friday, September 1st. Deutsche Bank reduced their price objective on Marks and Spencer Group from GBX 360 ($4.85) to GBX 345 ($4.64) and set a hold rating for the company in a research note on Friday, September 8th. Barclays reiterated an overweight rating and issued a GBX 370 ($4.98) price objective on shares of Marks and Spencer Group in a research note on Thursday, November 9th. Peel Hunt reiterated a buy rating and issued a GBX 450 ($6.06) price objective on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. Finally, Shore Capital reiterated a hold rating on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Marks and Spencer Group currently has a consensus rating of Hold and a consensus price target of GBX 346.18 ($4.66).
Shares of Marks and Spencer Group (MKS) opened at GBX 304.20 ($4.09) on Friday. Marks and Spencer Group has a 52 week low of GBX 296.30 ($3.99) and a 52 week high of GBX 397.80 ($5.35).
The business also recently announced a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, November 16th will be issued a GBX 6.80 ($0.09) dividend. This represents a dividend yield of 2.13%. The ex-dividend date is Thursday, November 16th.
In related news, insider Archie Norman bought 33,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average price of GBX 300 ($4.04) per share, with a total value of £99,000 ($133,243.61).
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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.
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