Marks and Spencer Group (MKS) Rating Reiterated by Berenberg Bank

Marks and Spencer Group (LON:MKS)‘s stock had its “sell” rating restated by equities researchers at Berenberg Bank in a research note issued to investors on Monday. They presently have a GBX 260 ($3.50) price objective on the retailer’s stock. Berenberg Bank’s price objective would indicate a potential downside of 16.02% from the stock’s current price.

Several other research firms have also issued reports on MKS. 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 reiterated a “buy” rating and set a GBX 420 ($5.65) price objective on shares of Marks and Spencer Group in a research report on Tuesday, September 26th. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 285 ($3.84) price objective on shares of Marks and Spencer Group in a research report on Tuesday, October 31st. Canaccord Genuity reiterated a “hold” rating and set a GBX 375 ($5.05) price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 8th. Finally, Barclays reiterated an “overweight” rating and set a GBX 370 ($4.98) price objective on shares of Marks and Spencer Group in a research report on Thursday, November 9th. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 345.73 ($4.65).

Marks and Spencer Group (MKS) traded up GBX 4.60 ($0.06) during trading on Monday, reaching GBX 309.60 ($4.17). 4,230,098 shares of the company’s stock traded hands, compared to its average volume of 10,240,000. 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, topping the Thomson Reuters’ 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 Marks and Spencer Group news, insider Archie Norman acquired 33,000 shares of Marks and Spencer Group stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average price of GBX 300 ($4.04) per share, with a total value of £99,000 ($133,243.61).

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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.

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

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