Marks and Spencer Group Plc’s (MKS) Underweight Rating Reaffirmed at J P Morgan Chase & Co

Marks and Spencer Group Plc (LON:MKS)‘s stock had its “underweight” rating restated by equities research analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Wednesday. They currently have a GBX 285 ($3.75) target price on the retailer’s stock. J P Morgan Chase & Co’s target price would indicate a potential downside of 8.18% from the company’s current price.

Several other brokerages also recently issued reports on MKS. Deutsche Bank AG reissued a “hold” rating and issued a GBX 345 ($4.54) price objective on shares of Marks and Spencer Group Plc in a research note on Friday, October 6th. Jefferies Group LLC reissued a “buy” rating and issued a GBX 420 ($5.52) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, September 26th. Canaccord Genuity reissued a “hold” rating and issued a GBX 375 ($4.93) price objective on shares of Marks and Spencer Group Plc in a research note on Wednesday, November 8th. Barclays PLC reissued an “overweight” rating and issued a GBX 370 ($4.87) price objective on shares of Marks and Spencer Group Plc in a research note on Thursday, November 9th. Finally, reissued a “buy” rating and issued a GBX 435 ($5.72) price objective on shares of Marks and Spencer Group Plc in a research note on Friday, July 21st. Nine analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Marks and Spencer Group Plc has a consensus rating of “Hold” and a consensus price target of GBX 352.86 ($4.64).

Shares of Marks and Spencer Group Plc (LON MKS) opened at GBX 310.40 ($4.08) on Wednesday. Marks and Spencer Group Plc has a fifty-two week low of GBX 306.70 ($4.03) and a fifty-two week high of GBX 397.80 ($5.23).

Marks and Spencer Group Plc (LON:MKS) last announced its earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) EPS for the quarter, beating the 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 6.40% and a net margin of 1.77%. The business had revenue of GBX 512.56 billion during the quarter.

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In other news, insider Archie Norman acquired 10,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were bought at an average price of GBX 320 ($4.21) per share, with a total value of £32,000 ($42,088.65).

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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