Deutsche Bank Reaffirms “Hold” Rating for Marks and Spencer Group (LON:MKS)

Deutsche Bank reiterated their hold rating on shares of Marks and Spencer Group (LON:MKS) in a report issued on Tuesday, December 19th. They currently have a GBX 335 ($4.54) price objective on the retailer’s stock.

MKS has been the topic of several other reports. Peel Hunt reaffirmed a buy rating and set a GBX 450 ($6.10) price objective on shares of Marks and Spencer Group in a report on Tuesday, December 5th. Credit Suisse Group reissued a neutral rating and set a GBX 370 ($5.02) target price on shares of Marks and Spencer Group in a research report on Tuesday, November 21st. reissued a buy rating and set a GBX 400 ($5.42) target price on shares of Marks and Spencer Group in a research report on Monday, November 13th. JPMorgan Chase & Co. reissued an underweight rating and set a GBX 285 ($3.86) target price on shares of Marks and Spencer Group in a research report on Tuesday, November 28th. Finally, Shore Capital reissued a hold rating on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Nine equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 344.59 ($4.67).

Marks and Spencer Group (LON MKS) traded down GBX 22.80 ($0.31) during mid-day trading on Tuesday, hitting GBX 301.20 ($4.08). The stock had a trading volume of 21,970,000 shares, compared to its average volume of 8,400,000. 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 stock has a market cap of $4,890.00 and a PE ratio of 2,738.18.

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). The company had revenue of GBX 512.56 billion for the quarter. Marks and Spencer Group had a return on equity of 5.62% and a net margin of 1.65%.

The company also recently disclosed a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, November 16th will be issued a GBX 6.80 ($0.09) dividend. This represents a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, November 16th.

In other news, insider Archie Norman acquired 33,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average cost of GBX 300 ($4.07) per share, with a total value of £99,000 ($134,255.49).

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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.

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

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