Beaufort Securities Reiterates Hold Rating for Marks and Spencer Group Plc (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “hold” rating reaffirmed by Beaufort Securities in a note issued to investors on Wednesday.
Several other equities analysts have also recently weighed in on the company. Investec reiterated a “hold” rating and set a GBX 315 ($3.90) price objective on shares of Marks and Spencer Group Plc in a report on Monday. BNP Paribas lifted their price objective on Marks and Spencer Group Plc from GBX 310 ($3.84) to GBX 320 ($3.96) and gave the company an “underperform” rating in a report on Friday, September 9th. Barclays PLC cut their price objective on Marks and Spencer Group Plc from GBX 580 ($7.18) to GBX 545 ($6.75) and set an “equal weight” rating on the stock in a report on Thursday, August 25th. HSBC cut their price objective on Marks and Spencer Group Plc from GBX 535 ($6.63) to GBX 445 ($5.51) and set a “buy” rating on the stock in a report on Wednesday, July 27th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 500 ($6.19) price objective on shares of Marks and Spencer Group Plc in a report on Tuesday. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 388.52 ($4.81).
Shares of Marks and Spencer Group Plc (LON:MKS) opened at 317.07 on Wednesday. The company’s market cap is GBX 5.13 billion. The firm’s 50-day moving average price is GBX 330.32 and its 200-day moving average price is GBX 350.30. Marks and Spencer Group Plc has a 12 month low of GBX 255.10 and a 12 month high of GBX 522.90.
The company also recently announced a dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, November 17th will be issued a GBX 6.80 ($0.08) dividend. The ex-dividend date is Thursday, November 17th. This represents a yield of 2.05%.
About Marks and Spencer Group Plc
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.
Receive News & Stock Ratings for Marks and Spencer Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group Plc and related stocks with our FREE daily email newsletter.