Marks and Spencer Group Plc (LON:MKS) had its price target cut by Haitong Bank from GBX 500 ($7.23) to GBX 450 ($6.51) in a report released on Friday. The brokerage currently has a “buy” rating on the retailer’s stock. Haitong Bank’s target price suggests a potential upside of 15.21% from the company’s previous close.

MKS has been the topic of a number of other reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a GBX 500 ($7.23) price objective on shares of Marks and Spencer Group Plc in a report on Thursday, January 28th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 580 ($8.39) price objective on shares of Marks and Spencer Group Plc in a report on Monday, February 1st. HSBC reaffirmed a “buy” rating and set a GBX 680 ($9.84) price objective on shares of Marks and Spencer Group Plc in a report on Friday, February 5th. RBC Capital reaffirmed an “outperform” rating and set a GBX 550 ($7.96) price objective on shares of Marks and Spencer Group Plc in a report on Monday, February 8th. Finally, Canaccord Genuity raised Marks and Spencer Group Plc to a “speculative buy” rating and set a GBX 460 ($6.66) price objective on the stock in a report on Thursday, February 11th. Ten research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 457.52 ($6.62).

Marks and Spencer Group Plc (LON:MKS) opened at 387.1000 on Friday. The stock’s market capitalization is GBX 6.36 billion. Marks and Spencer Group Plc has a 52 week low of GBX 385.42 and a 52 week high of GBX 599.35. The firm has a 50 day moving average price of GBX 429.86 and a 200 day moving average price of GBX 440.11.

The firm also recently announced a dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 2nd will be given a dividend of GBX 16.50 ($0.24) per share. This is a positive change from Marks and Spencer Group Plc’s previous dividend of $6.80. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a dividend yield of 4.13%.

In other Marks and Spencer Group Plc news, insider Swannell,Robert bought 3,000 shares of the firm’s stock in a transaction on Friday, March 11th. The shares were purchased at an average price of GBX 396 ($5.73) per share, for a total transaction of £11,880 ($17,189.99).

Marks and Spencer Group plc is a retailer in the United Kingdom. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through five segments: M&S for Business, M&S Bank, M&S Energy, M&S Outlet and M&S TV to provide the services of Christmas Shopping, Style & Living, Women, Lingerie, Beauty, Men, Kids, Home, Food & Wine, Flowers & Gifts, Outlets, Television, Energy and M&S Bank.

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