Marks and Spencer Group (MKS) Shares Down 1.8%
Marks and Spencer Group plc (LON:MKS) shares traded down 1.8% during trading on Monday . The stock traded as low as GBX 313.80 ($4.22) and last traded at GBX 314.20 ($4.23). 6,697,891 shares traded hands during trading, a decline of 38% from the average session volume of 10,730,000 shares. The stock had previously closed at GBX 320.06 ($4.31).
Several research analysts have recently commented on the company. Canaccord Genuity Group reissued a “hold” rating and set a GBX 375 ($5.05) price objective on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Credit Suisse Group reissued a “neutral” rating and set a GBX 370 ($4.98) price objective on shares of Marks and Spencer Group in a report on Tuesday, September 19th. Deutsche Bank reissued a “hold” rating and set a GBX 345 ($4.64) price objective on shares of Marks and Spencer Group in a report on Wednesday, September 20th. cut their price objective on Marks and Spencer Group from GBX 435 ($5.85) to GBX 410 ($5.52) and set a “buy” rating for the company in a report on Tuesday, November 7th. Finally, Barclays cut their price objective on Marks and Spencer Group from GBX 425 ($5.72) to GBX 370 ($4.98) and set an “overweight” rating for the company in a report on Friday, September 1st. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 350.70 ($4.72).
Marks and Spencer Group (LON:MKS) last released its earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) EPS for the quarter, topping analysts’ consensus estimates 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 business also recently announced a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, November 16th will be paid a GBX 6.80 ($0.09) dividend. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 2.13%.
In related news, insider Archie Norman bought 33,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were purchased at an average cost of GBX 300 ($4.04) per share, with a total value 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.
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.