HSBC Reaffirms Buy Rating for Marks and Spencer Group Plc (MKS)
A number of other analysts have also recently weighed in on the stock. BNP Paribas reissued an underperform rating and set a GBX 290 ($3.59) target price on shares of Marks and Spencer Group Plc in a report on Monday, October 3rd. Barclays PLC cut shares of Marks and Spencer Group Plc to an underweight rating and dropped their target price for the stock from GBX 410 ($5.08) to GBX 290 ($3.59) in a report on Friday, July 22nd. Shore Capital reissued a buy rating on shares of Marks and Spencer Group Plc in a report on Tuesday, September 6th. Royal Bank Of Canada reissued an outperform rating and set a GBX 375 ($4.65) target price on shares of Marks and Spencer Group Plc in a report on Tuesday, August 30th. Finally, Deutsche Bank AG reissued a hold rating on shares of Marks and Spencer Group Plc in a report on Wednesday, August 3rd. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 388.52 ($4.81).
Shares of Marks and Spencer Group Plc (LON:MKS) opened at 317.07 on Tuesday. 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’s 50-day moving average is GBX 330.32 and its 200-day moving average is GBX 350.30. The stock’s market cap is GBX 5.13 billion.
The business also recently declared a dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, November 17th will be issued a dividend of GBX 6.80 ($0.08) per share. 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.
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