Marks and Spencer Group (LON:MKS) had its target price cut by analysts at Deutsche Bank from GBX 335 ($4.54) to GBX 330 ($4.48) in a report issued on Friday. The brokerage presently has a “hold” rating on the retailer’s stock. Deutsche Bank’s price objective suggests a potential upside of 6.73% from the company’s current price.

Other research analysts also recently issued reports about the stock. lowered their price target 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 report on Tuesday, November 7th. Jefferies Group reiterated a “buy” rating and set a GBX 420 ($5.70) price target on shares of Marks and Spencer Group in a report on Tuesday, September 26th. Peel Hunt reiterated a “buy” rating and set a GBX 450 ($6.10) price target on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Shore Capital reiterated a “hold” rating on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a GBX 375 ($5.09) price target on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 339.33 ($4.60).

Shares of Marks and Spencer Group (LON:MKS) traded up GBX 8 ($0.11) on Friday, reaching GBX 309.20 ($4.19). 20,047,992 shares of the company’s stock traded hands, compared to its average volume of 8,350,000. Marks and Spencer Group has a 1-year low of GBX 296.30 ($4.02) and a 1-year high of GBX 397.80 ($5.39). The firm has a market capitalization of $5,020.00 and a P/E ratio of 2,810.91.

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

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

WARNING: “Deutsche Bank Lowers Marks and Spencer Group (MKS) Price Target to GBX 330” was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/14/deutsche-bank-lowers-marks-and-spencer-group-mks-price-target-to-gbx-330.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.

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

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.