Marks and Spencer Group (LON:MKS) had its price objective cut by Goldman Sachs Group from GBX 330 ($4.44) to GBX 275 ($3.70) in a research report report published on Monday. They currently have a sell rating on the retailer’s stock.
Several other equities analysts have also weighed in on MKS. Credit Suisse Group reiterated a neutral rating and set a GBX 370 ($4.98) price objective on shares of Marks and Spencer Group in a report on Friday, September 1st. Barclays dropped their price objective on shares of Marks and Spencer Group from GBX 425 ($5.72) to GBX 370 ($4.98) and set an overweight rating on the stock in a report on Friday, September 1st. Deutsche Bank dropped their price objective on shares of Marks and Spencer Group from GBX 360 ($4.85) to GBX 345 ($4.64) and set a hold rating on the stock in a report on Friday, September 8th. Jefferies Group reiterated a buy rating and set a GBX 420 ($5.65) price objective on shares of Marks and Spencer Group in a report on Tuesday, September 26th. Finally, 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 report on Tuesday, October 31st. Nine investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Marks and Spencer Group has a consensus rating of Hold and a consensus price target of GBX 350.70 ($4.72).
Marks and Spencer Group (MKS) opened at GBX 318.10 ($4.28) on Monday. Marks and Spencer Group has a fifty-two week low of GBX 296.30 ($3.99) and a fifty-two week high of GBX 397.80 ($5.35).
The company also recently disclosed a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, November 16th will be given a GBX 6.80 ($0.09) dividend. This represents a 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 Marks and Spencer Group stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average cost of GBX 300 ($4.04) per share, with a total value of £99,000 ($133,243.61).
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.
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