Haitong Bank Reaffirms Buy Rating for Marks and Spencer Group Plc (MKS)
Haitong Bank reaffirmed their buy rating on shares of Marks and Spencer Group Plc (LON:MKS) in a report published on Tuesday. The firm currently has a GBX 375 ($4.65) price target on the retailer’s stock.
Several other research analysts have also commented on MKS. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 285 ($3.53) price target on shares of Marks and Spencer Group Plc in a research report on Monday, July 11th. Royal Bank Of Canada reiterated a outperform rating and issued a GBX 525 ($6.50) price target on shares of Marks and Spencer Group Plc in a research report on Monday, July 11th. Liberum Capital restated a sell rating and set a GBX 250 ($3.10) target price on shares of Marks and Spencer Group Plc in a research report on Tuesday, July 12th. Barclays PLC lowered Marks and Spencer Group Plc to an underweight rating and dropped their target price for the company from GBX 410 ($5.08) to GBX 290 ($3.59) in a research report on Friday, July 22nd. Finally, Deutsche Bank AG restated a hold rating on shares of Marks and Spencer Group Plc in a research report on Wednesday, July 27th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 388.52 ($4.81).
Shares of Marks and Spencer Group Plc (LON:MKS) opened at 317.07 on Tuesday. The company has a 50 day moving average price of GBX 330.32 and a 200 day moving average price of GBX 350.30. Marks and Spencer Group Plc has a 1-year low of GBX 255.10 and a 1-year high of GBX 522.90. The stock’s market cap is GBX 5.13 billion.
The company also recently announced a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, November 17th will be paid a dividend of GBX 6.80 ($0.08) per share. This represents a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, November 17th.
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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