Marks and Spencer Group (MKS) Rating Reiterated by Jefferies Group
Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reissued by Jefferies Group in a report issued on Thursday. They presently have a GBX 370 ($4.98) price objective on the retailer’s stock. Jefferies Group’s target price points to a potential upside of 19.01% from the stock’s previous close.
Several other analysts have also weighed in on the stock. lowered their price target on shares of Marks and Spencer Group from GBX 435 ($5.85) to GBX 410 ($5.52) and set a “buy” rating for the company in a research report on Tuesday, November 7th. Peel Hunt restated a “buy” rating and set a GBX 450 ($6.06) price target on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Deutsche Bank lowered their price target on shares of Marks and Spencer Group from GBX 360 ($4.85) to GBX 345 ($4.64) and set a “hold” rating for the company in a research report on Friday, September 8th. Shore Capital restated a “hold” rating on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 375 ($5.05) target price on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 346.18 ($4.66).
Marks and Spencer Group (LON MKS) opened at GBX 310.90 ($4.18) on Thursday. Marks and Spencer Group has a 12-month low of GBX 296.30 ($3.99) and a 12-month high of GBX 397.80 ($5.35).
Marks and Spencer Group (LON:MKS) last posted its quarterly earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate 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 had a net margin of 1.65% and a return on equity of 5.62%.
In other news, insider Archie Norman bought 33,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of GBX 300 ($4.04) per share, for a total transaction of £99,000 ($133,243.61).
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Marks and Spencer Group Company Profile
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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