Marks and Spencer Group (MKS) Given “Hold” Rating at Deutsche Bank
Deutsche Bank reissued their hold rating on shares of Marks and Spencer Group (LON:MKS) in a report published on Friday. Deutsche Bank currently has a GBX 330 ($4.48) price target on the retailer’s stock.
A number of other equities research analysts also recently commented on MKS. Jefferies Group reaffirmed a buy rating and issued a GBX 420 ($5.70) target price on shares of Marks and Spencer Group in a research report on Tuesday, September 26th. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 285 ($3.86) target price on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. cut their target price on shares of Marks and Spencer Group from GBX 435 ($5.90) to GBX 410 ($5.56) and set a buy rating for the company in a research report on Tuesday, November 7th. Shore Capital reaffirmed a hold rating on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 250 ($3.39) 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 assigned a hold rating and six have issued a buy rating to the company’s stock. Marks and Spencer Group presently has an average rating of Hold and a consensus price target of GBX 337.55 ($4.58).
Shares of Marks and Spencer Group (LON MKS) traded down GBX 2.20 ($0.03) on Friday, hitting GBX 304 ($4.12). 10,125,122 shares of the company traded hands, compared to its average volume of 7,670,000. The company has a market capitalization of $4,940.00 and a P/E ratio of 2,763.64. Marks and Spencer Group has a 12 month low of GBX 296.30 ($4.02) and a 12 month high of GBX 397.80 ($5.39).
The company also recently announced a dividend, which was paid on Friday, January 12th. Investors of record on Thursday, November 16th were paid a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 2.13%. The ex-dividend date was Thursday, November 16th.
In other news, insider Archie Norman bought 33,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average price of GBX 300 ($4.07) per share, for a total transaction of £99,000 ($134,255.49).
ILLEGAL ACTIVITY WARNING: “Marks and Spencer Group (MKS) Given “Hold” Rating at Deutsche Bank” was published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2018/01/20/marks-and-spencer-group-mks-given-hold-rating-at-deutsche-bank.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group and related companies with MarketBeat.com's FREE daily email newsletter.