Marks and Spencer Group (MKS) Receives Hold Rating from Deutsche Bank
Deutsche Bank reiterated their hold rating on shares of Marks and Spencer Group (LON:MKS) in a research report released on Tuesday morning. They currently have a GBX 335 ($4.51) price objective on the retailer’s stock.
Several other research analysts also recently issued reports on the stock. J P Morgan Chase & Co reiterated an underweight rating and set a GBX 285 ($3.84) price target on shares of Marks and Spencer Group in a report on Friday, December 15th. Jefferies Group reiterated a buy rating and set a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a report on Thursday, December 14th. Peel Hunt reiterated a buy rating and set a GBX 450 ($6.06) price target on shares of Marks and Spencer Group in a report on Tuesday, December 5th. Goldman Sachs Group lowered their price target on shares of Marks and Spencer Group from GBX 330 ($4.44) to GBX 275 ($3.70) and set a sell rating for the company in a report on Monday, December 4th. Finally, Credit Suisse Group reiterated a neutral rating and set a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a report on Tuesday, November 21st. Nine investment 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 currently has an average rating of Hold and an average price target of GBX 345.73 ($4.65).
Marks and Spencer Group (LON:MKS) opened at GBX 309.50 ($4.17) on Tuesday. Marks and Spencer Group has a 1 year low of GBX 296.30 ($3.99) and a 1 year high of GBX 397.80 ($5.35).
The business also recently disclosed a dividend, which will be paid on Friday, January 12th. Investors of record on Thursday, November 16th will be issued a GBX 6.80 ($0.09) dividend. The ex-dividend date is Thursday, November 16th. This represents a yield of 2.13%.
In related news, insider Archie Norman acquired 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average cost of GBX 300 ($4.04) per share, for a total transaction of £99,000 ($133,243.61).
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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