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).

TRADEMARK VIOLATION WARNING: “Marks and Spencer Group (MKS) Shares Down 1.8%” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/12/11/marks-and-spencer-group-mks-shares-down-1-8.html.

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.