Marks and Spencer Group Plc (MKS) PT Lowered to GBX 440
Marks and Spencer Group Plc (LON:MKS) had its price objective cut by stock analysts at Deutsche Bank from GBX 565 ($8.18) to GBX 440 ($6.37) in a research note issued to investors on Friday. The firm currently has a “buy” rating on the retailer’s stock. Deutsche Bank’s target price points to a potential upside of 12.65% from the stock’s current price.
A number of other equities research analysts have also recently commented on MKS. Liberum Capital assumed coverage on shares of Marks and Spencer Group Plc in a report on Wednesday, April 13th. They issued a “sell” rating and a GBX 350 ($5.06) price target for the company. Peel Hunt restated a “buy” rating and issued a GBX 450 ($6.51) price target on shares of Marks and Spencer Group Plc in a report on Wednesday, April 13th. Barclays reduced their price objective on shares of Marks and Spencer Group Plc from GBX 480 ($6.95) to GBX 410 ($5.93) and set an “equal weight” rating for the company in a report on Thursday. Jefferies Group cut shares of Marks and Spencer Group Plc to an “underperform” rating and reduced their price objective for the company from GBX 410 ($5.93) to GBX 300 ($4.34) in a report on Thursday. Finally, Haitong Bank reiterated a “buy” rating and set a GBX 550 ($7.96) price objective on shares of Marks and Spencer Group Plc in a report on Thursday, February 25th. Ten equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 457.52 ($6.62).
In other news, insider Swannell,Robert purchased 3,000 shares of the stock in a transaction that occurred on Friday, March 11th. The stock was bought at an average cost of GBX 396 ($5.73) per share, for a total transaction of £11,880 ($17,189.99).
Marks and Spencer Group Plc (LON:MKS) opened at 387.1000 on Friday. The company’s market capitalization is GBX 6.36 billion. The firm’s 50-day moving average price is GBX 429.86 and its 200 day moving average price is GBX 440.11. Marks and Spencer Group Plc has a 12-month low of GBX 385.42 and a 12-month high of GBX 599.35.
The company also recently declared a dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 2nd will be issued a dividend of GBX 16.50 ($0.24) per share. This is a boost from Marks and Spencer Group Plc’s previous dividend of $6.80. The ex-dividend date is Thursday, June 2nd. This represents a yield of 4.13%.
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.