Marks and Spencer Group Plc (MKS) Rating Reiterated by Liberum Capital
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “sell” rating reiterated by investment analysts at Liberum Capital in a report issued on Thursday. They currently have a GBX 250 ($3.12) price target on the retailer’s stock. Liberum Capital’s price target suggests a potential downside of 25.93% from the stock’s current price.
A number of other equities analysts have also recently issued reports on MKS. Barclays PLC cut shares of Marks and Spencer Group Plc to an “underweight” rating and lowered their price objective for the stock from GBX 410 ($5.12) to GBX 290 ($3.62) in a research report on Friday, July 22nd. Deutsche Bank AG reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research report on Wednesday, July 27th. HSBC lowered their price objective on shares of Marks and Spencer Group Plc from GBX 535 ($6.68) to GBX 445 ($5.56) and set a “buy” rating for the company in a research report on Wednesday, July 27th. Royal Bank Of Canada restated an “outperform” rating on shares of Marks and Spencer Group Plc in a research report on Monday, August 1st. Finally, Espirito Santo Investment Bank Research restated a “buy” rating and issued a GBX 630 ($7.87) price target on shares of Marks and Spencer Group Plc in a research report on Thursday, August 25th. Ten analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 388.52 ($4.85).
Shares of Marks and Spencer Group Plc (LON:MKS) opened at 332.80 on Thursday. The company’s market cap is GBX 5.40 billion. Marks and Spencer Group Plc has a 1-year low of GBX 255.10 and a 1-year high of GBX 522.62. The company has a 50 day moving average of GBX 332.02 and a 200 day moving average of GBX 346.99.
The firm also recently announced a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, November 17th will be paid a GBX 6.80 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a dividend yield of 2.05%.
In other Marks and Spencer Group Plc news, insider Patrick Bousquet Chavanne bought 2,700 shares of Marks and Spencer Group Plc stock in a transaction dated Tuesday, November 15th. The stock was purchased at an average price of GBX 342 ($4.27) per share, for a total transaction of £9,234 ($11,536.73).
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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