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

J P Morgan Chase & Co reissued their underweight rating on shares of Marks and Spencer Group plc (LON:MKS) in a report released on Wednesday morning, StockTargetPrices.com reports. They currently have a GBX 285 ($3.75) target price on the retailer’s stock.

MKS has been the subject of a number of other research reports. restated a buy rating and set a GBX 400 ($5.26) price objective on shares of Marks and Spencer Group plc in a report on Monday, November 13th. Deutsche Bank AG restated a hold rating and set a GBX 345 ($4.54) price objective on shares of Marks and Spencer Group plc in a report on Thursday, September 28th. Shore Capital restated a hold rating on shares of Marks and Spencer Group plc in a report on Wednesday, November 8th. Finally, Barclays PLC decreased their price objective on shares of Marks and Spencer Group plc from GBX 425 ($5.59) to GBX 370 ($4.87) and set an overweight rating for the company in a report on Friday, September 1st. Nine research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 353.83 ($4.65).

Shares of Marks and Spencer Group plc (MKS) traded down GBX 2.20 ($0.03) during midday trading on Wednesday, reaching GBX 301.40 ($3.96). 8,079,654 shares of the company were exchanged, compared to its average volume of 8,530,000. Marks and Spencer Group plc has a 52-week low of GBX 301.90 ($3.97) and a 52-week high of GBX 397.80 ($5.23).

Marks and Spencer Group plc (LON:MKS) last issued its quarterly earnings data on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). The firm had revenue of GBX 512.56 billion during the quarter. Marks and Spencer Group plc had a net margin of 1.65% and a return on equity of 5.62%.

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The company also recently declared a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, November 16th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 2.13%. The ex-dividend date is Thursday, November 16th.

In other news, insider Archie Norman purchased 10,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were purchased at an average cost 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.

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