Marks and Spencer Group (LON:MKS) had its target price decreased by Goldman Sachs Group from GBX 330 ($4.44) to GBX 275 ($3.70) in a research note published on Monday. Goldman Sachs Group currently has a sell rating on the retailer’s stock.
A number of other equities research analysts have also recently issued reports on MKS. Canaccord Genuity Group reiterated a hold rating and issued a GBX 375 ($5.05) target price on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. Deutsche Bank reiterated a hold rating and issued a GBX 345 ($4.64) target price on shares of Marks and Spencer Group in a research note on Thursday, September 28th. J P Morgan Chase & Co reiterated an underweight rating and issued a GBX 285 ($3.84) target price on shares of Marks and Spencer Group in a research note on Tuesday, November 28th. Credit Suisse Group reiterated a neutral rating and issued a GBX 370 ($4.98) target price on shares of Marks and Spencer Group in a research note on Tuesday, September 19th. Finally, 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 note on Tuesday, September 26th. Nine analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Marks and Spencer Group has a consensus rating of Hold and a consensus target price of GBX 350.70 ($4.72).
Marks and Spencer Group (LON MKS) opened at GBX 317.20 ($4.27) on Monday. Marks and Spencer Group has a one year low of GBX 296.30 ($3.99) and a one year high of GBX 397.80 ($5.35).
Marks and Spencer Group (LON:MKS) last announced its quarterly earnings data on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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.
The firm also recently disclosed a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, November 16th will be given a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date is Thursday, November 16th. This represents a yield of 2.13%.
In other Marks and Spencer Group news, insider Archie Norman acquired 10,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was purchased at an average cost of GBX 320 ($4.31) per share, for a total transaction of £32,000 ($43,068.64).
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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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