Marks and Spencer Group Plc (MKS) Receives Underweight Rating from JPMorgan Chase & Co.
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “underweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a note issued to investors on Tuesday. They presently have a GBX 285 ($3.56) price objective on the retailer’s stock. JPMorgan Chase & Co.’s target price points to a potential downside of 13.98% from the company’s current price.
MKS has been the subject of a number of other reports. Investec reissued a “hold” rating and issued a GBX 315 ($3.94) price objective on shares of Marks and Spencer Group Plc in a research report on Monday, November 7th. BNP Paribas upped their target price on shares of Marks and Spencer Group Plc from GBX 310 ($3.87) to GBX 320 ($4.00) and gave the company an “underperform” rating in a research note on Friday, September 9th. Barclays PLC cut their target price on shares of Marks and Spencer Group Plc from GBX 580 ($7.25) to GBX 545 ($6.81) and set an “equal weight” rating on the stock in a research note on Thursday, August 25th. HSBC cut their target price on shares of Marks and Spencer Group Plc from GBX 535 ($6.68) to GBX 445 ($5.56) and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 500 ($6.25) target price on shares of Marks and Spencer Group Plc in a research note on Tuesday, November 8th. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Marks and Spencer Group Plc currently has a consensus rating of “Hold” and an average target price of GBX 388.52 ($4.85).
Shares of Marks and Spencer Group Plc (LON:MKS) opened at 331.30 on Tuesday. The firm has a 50-day moving average price of GBX 331.13 and a 200-day moving average price of GBX 348.24. The stock’s market cap is GBX 5.38 billion. Marks and Spencer Group Plc has a one year low of GBX 255.10 and a one year high of GBX 522.62.
The firm also recently announced a dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, November 17th will be issued a dividend of GBX 6.80 ($0.08) per share. This represents a 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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