Marks and Spencer Group’s (MKS) “Hold” Rating Reaffirmed at Deutsche Bank

Marks and Spencer Group (LON:MKS)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank in a research report issued to clients and investors on Friday. They currently have a GBX 330 ($4.48) price target on the retailer’s stock. Deutsche Bank’s price objective would suggest a potential upside of 8.55% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 285 ($3.86) price target on shares of Marks and Spencer Group in a research note on Thursday. Barclays reiterated an “overweight” rating and issued a GBX 370 ($5.02) price target on shares of Marks and Spencer Group in a research note on Friday, January 12th. Peel Hunt cut their price target on Marks and Spencer Group from GBX 450 ($6.10) to GBX 375 ($5.09) and set a “buy” rating for the company in a research note on Friday, January 12th. Liberum Capital reiterated a “sell” rating and issued a GBX 250 ($3.39) price target on shares of Marks and Spencer Group in a research note on Thursday, January 11th. Finally, Shore Capital reiterated a “hold” rating on shares of Marks and Spencer Group in a research note on Thursday, January 11th. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 337.55 ($4.58).

Marks and Spencer Group (LON:MKS) traded down GBX 2.20 ($0.03) during trading on Friday, hitting GBX 304 ($4.12). 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 $4,940.00 and a PE ratio of 2,763.64.

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

In other Marks and Spencer Group news, insider Archie Norman purchased 33,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average cost of GBX 300 ($4.07) per share, for a total transaction of £99,000 ($134,255.49).

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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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