Today, Investec Reaffirmed “Hold” Rating for Marks and Spencer Group Plc (MKS)

Today, Investec Reaffirmed “Hold” Rating for Marks and Spencer Group Plc (MKS)

Marks and Spencer Group Plc (LON:MKS)‘s stock had its “hold” rating restated by Investec in a research note issued on Monday. They currently have a GBX 315 ($3.94) price objective on the retailer’s stock. Investec’s price target suggests a potential downside of 6.03% from the stock’s previous close.

A number of other equities analysts have also commented on the company. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 285 ($3.56) price objective on shares of Marks and Spencer Group Plc in a research note on Thursday, October 27th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 350 ($4.37) price target on shares of Marks and Spencer Group Plc in a research note on Tuesday, October 25th. Liberum Capital reiterated a “sell” rating and issued a GBX 250 ($3.12) price target on shares of Marks and Spencer Group Plc in a research note on Tuesday, October 4th. BNP Paribas reiterated an “underperform” rating and issued a GBX 290 ($3.62) price target on shares of Marks and Spencer Group Plc in a research note on Monday, October 3rd. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 360 ($4.50) price target on shares of Marks and Spencer Group Plc in a research note on Thursday, September 8th. Ten research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 388.52 ($4.85).

Marks and Spencer Group Plc (LON:MKS) traded down 0.24% during trading on Monday, reaching GBX 335.20. The company’s stock had a trading volume of 3,217,125 shares. Marks and Spencer Group Plc has a 52-week low of GBX 255.10 and a 52-week high of GBX 515.00. The stock’s market cap is GBX 5.44 billion. The firm has a 50 day moving average price of GBX 334.26 and a 200-day moving average price of GBX 344.05.

The firm also recently announced a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, November 17th will be issued a GBX 6.80 ($0.08) dividend. This represents a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, November 17th.

In other Marks and Spencer Group Plc news, insider Patrick Bousquet Chavanne bought 2,700 shares of Marks and Spencer Group Plc stock in a transaction dated Tuesday, November 15th. The stock was bought at an average cost of GBX 342 ($4.27) per share, with a total value of £9,234 ($11,536.73).

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