Peel Hunt Reaffirms “Buy” Rating for Marks and Spencer Group Plc (MKS)
Peel Hunt restated their buy rating on shares of Marks and Spencer Group Plc (LON:MKS) in a research note issued to investors on Wednesday morning. Peel Hunt currently has a GBX 450 ($5.92) price objective on the retailer’s stock.
MKS has been the topic of a number of other reports. Societe Generale cut shares of Marks and Spencer Group Plc to a sell rating and reduced their price target for the company from GBX 376 ($4.95) to GBX 301 ($3.96) in a research report on Wednesday, July 12th. Deutsche Bank AG reaffirmed a hold rating and set a GBX 360 ($4.73) price target on shares of Marks and Spencer Group Plc in a research report on Thursday, July 13th. Liberum Capital reaffirmed a sell rating and set a GBX 250 ($3.29) price target on shares of Marks and Spencer Group Plc in a research report on Tuesday, July 11th. Investec reaffirmed a sell rating and set a GBX 295 ($3.88) price target on shares of Marks and Spencer Group Plc in a research report on Tuesday, July 11th. Finally, HSBC Holdings plc reduced their price target on shares of Marks and Spencer Group Plc from GBX 435 ($5.72) to GBX 410 ($5.39) and set a buy rating on the stock in a research report on Tuesday, November 7th. Nine investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Marks and Spencer Group Plc has an average rating of Hold and a consensus target price of GBX 353.32 ($4.65).
Marks and Spencer Group Plc (LON MKS) traded down GBX 6 ($0.08) on Wednesday, hitting GBX 319.20 ($4.20). 13,642,455 shares of the company traded hands, compared to its average volume of 7,940,000. Marks and Spencer Group Plc has a twelve month low of GBX 306.70 ($4.03) and a twelve month high of GBX 397.80 ($5.23).
Marks and Spencer Group Plc (LON:MKS) last announced its quarterly earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). The firm had revenue of GBX 512.56 billion for the quarter. Marks and Spencer Group Plc had a net margin of 1.77% and a return on equity of 6.40%.
ILLEGAL ACTIVITY WARNING: “Peel Hunt Reaffirms “Buy” Rating for Marks and Spencer Group Plc (MKS)” was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/11/12/peel-hunt-reaffirms-buy-rating-for-marks-and-spencer-group-plc-mks.html.
The firm also recently announced a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, November 16th will be paid 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 Plc news, insider Archie Norman bought 10,000 shares of the stock in a transaction on Friday, September 8th. The stock was purchased at an average price of GBX 320 ($4.21) per share, for a total transaction of £32,000 ($42,088.65).
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.