Marks and Spencer Group plc (LON:MKS) has earned a consensus recommendation of “Hold” from the twenty-four analysts that are covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 350.70 ($4.72).
A number of equities research analysts have recently issued reports on MKS shares. Deutsche Bank restated a “hold” rating and issued a GBX 345 ($4.64) price target on shares of Marks and Spencer Group in a research report on Friday, October 6th. Jefferies Group restated a “buy” rating and issued a GBX 420 ($5.65) price target on shares of Marks and Spencer Group in a research report on Tuesday, September 26th. J P Morgan Chase & Co restated an “underweight” rating and issued a GBX 285 ($3.84) price target on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. Canaccord Genuity restated a “hold” rating and issued a GBX 375 ($5.05) price target on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Barclays restated an “overweight” rating and issued a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a research report on Thursday, November 9th.
Shares of Marks and Spencer Group (LON:MKS) opened at GBX 320.20 ($4.31) on Thursday. Marks and Spencer Group has a 52 week low of GBX 296.30 ($3.99) and a 52 week high of GBX 397.80 ($5.35).
Marks and Spencer Group (LON:MKS) last posted its quarterly earnings data on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of GBX 512.56 billion during the quarter.
The company also recently declared 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. This represents a yield of 2.13%. The ex-dividend date is Thursday, November 16th.
In other news, insider Archie Norman purchased 33,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were bought at an average cost 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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