Peel Hunt reissued their buy rating on shares of Marks and Spencer Group Plc (LON:MKS) in a research note issued to investors on Thursday. Peel Hunt currently has a GBX 500 ($6.08) price objective on the retailer’s stock.

A number of other equities research analysts also recently issued reports on MKS. Haitong Bank reiterated a buy rating and set a GBX 375 ($4.56) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, January 3rd. Bank of America upgraded shares of Marks and Spencer Group Plc to a buy rating and set a GBX 400 ($4.86) price objective on the stock in a research note on Monday, December 12th. Investec reiterated a sell rating and set a GBX 290 ($3.53) price objective (down from GBX 315 ($3.83)) on shares of Marks and Spencer Group Plc in a research note on Tuesday, November 29th. Deutsche Bank AG reiterated a hold rating and set a GBX 350 ($4.26) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, December 20th. Finally, Canaccord Genuity reiterated a hold rating and set a GBX 330 ($4.01) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, November 8th. Ten research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. Marks and Spencer Group Plc presently has an average rating of Hold and an average price target of GBX 381.38 ($4.64).

Marks and Spencer Group Plc (LON:MKS) traded down 1.68% on Thursday, reaching GBX 339.10. 17,132,772 shares of the company were exchanged. The stock has a 50 day moving average of GBX 341.25 and a 200 day moving average of GBX 333.49. The firm’s market capitalization is GBX 5.50 billion. Marks and Spencer Group Plc has a 12-month low of GBX 255.10 and a 12-month high of GBX 448.00.

COPYRIGHT VIOLATION WARNING: “Marks and Spencer Group Plc’s (MKS) “Buy” Rating Reaffirmed at Peel Hunt” was posted by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this article can be viewed at http://www.dailypolitical.com/2017/01/13/marks-and-spencer-group-plcs-mks-buy-rating-reaffirmed-at-peel-hunt.html.

The firm also recently announced a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, November 17th will be paid a dividend of GBX 6.80 ($0.08) per share. This represents a dividend yield of 2.05%. The ex-dividend date is Thursday, November 17th.

In other Marks and Spencer Group Plc news, insider Patrick Bousquet Chavanne bought 2,000 shares of the stock in a transaction dated Monday, November 14th. The shares were bought at an average cost of GBX 336 ($4.09) per share, for a total transaction of £6,720 ($8,172.20).

About Marks and Spencer Group Plc

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.

Receive News & Ratings for Marks and Spencer Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.