Deutsche Bank AG Reaffirms “Hold” Rating for Marks and Spencer Group plc (MKS)

Deutsche Bank AG restated their hold rating on shares of Marks and Spencer Group plc (LON:MKS) in a research note released on Tuesday morning. The firm currently has a GBX 345 ($4.54) price objective on the retailer’s stock.

MKS has been the topic of a number of other research reports. Barclays PLC reaffirmed an overweight rating and set a GBX 425 ($5.59) price objective on shares of Marks and Spencer Group plc in a report on Tuesday, August 1st. Credit Suisse Group reaffirmed a neutral rating and set a GBX 370 ($4.87) price objective on shares of Marks and Spencer Group plc in a report on Friday, September 1st. Peel Hunt reaffirmed a buy rating and set a GBX 450 ($5.92) price objective on shares of Marks and Spencer Group plc in a report on Wednesday, November 8th. J P Morgan Chase & Co reaffirmed an underweight rating and set a GBX 285 ($3.75) price objective on shares of Marks and Spencer Group plc in a report on Wednesday, November 15th. Finally, Shore Capital reissued a hold rating on shares of Marks and Spencer Group plc in a report on Wednesday, November 8th. Nine analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 354.26 ($4.66).

Shares of Marks and Spencer Group plc (LON MKS) opened at GBX 297 ($3.91) on Tuesday. Marks and Spencer Group plc has a 52 week low of GBX 296.70 ($3.90) and a 52 week high of GBX 397.80 ($5.23).

Marks and Spencer Group plc (LON:MKS) last released its quarterly earnings results 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 plc had a return on equity of 5.62% and a net margin of 1.65%. The business had revenue of GBX 512.56 billion during the quarter.

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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 of this dividend is Thursday, November 16th. This represents a dividend yield of 2.13%.

In related news, insider Archie Norman bought 33,000 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average price of GBX 300 ($3.95) per share, for a total transaction of £99,000 ($130,211.76).

Marks and Spencer Group plc 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.

Analyst Recommendations for Marks and Spencer Group plc (LON:MKS)

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