Marks and Spencer Group Plc (MKS) Receives GBX 387.04 Average Target Price from Analysts
Shares of Marks and Spencer Group Plc (LON:MKS) have been assigned a consensus recommendation of “Hold” from the twenty-eight research firms that are presently covering the company. Ten investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 387.04 ($4.84).
A number of equities research analysts have recently weighed in on MKS shares. Deutsche Bank AG reaffirmed a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Wednesday, July 27th. HSBC dropped 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 on the stock in a research note on Wednesday, July 27th. Royal Bank Of Canada reissued an “outperform” rating on shares of Marks and Spencer Group Plc in a research note on Monday, August 1st. Barclays PLC dropped their price objective 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. Finally, Espirito Santo Investment Bank Research reissued a “buy” rating and set a GBX 630 ($7.87) price objective on shares of Marks and Spencer Group Plc in a research note on Thursday, August 25th.
In related news, insider Patrick Bousquet Chavanne bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was purchased at an average price of GBX 336 ($4.20) per share, for a total transaction of £6,720 ($8,395.80).
Marks and Spencer Group Plc (LON:MKS) opened at 335.60 on Friday. Marks and Spencer Group Plc has a 52-week low of GBX 255.10 and a 52-week high of GBX 515.00. The stock’s 50 day moving average is GBX 333.71 and its 200-day moving average is GBX 346.32. The company’s market capitalization is GBX 5.44 billion.
The business also recently announced a dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, November 17th will be given a dividend of GBX 6.80 ($0.08) per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a dividend yield of 2.05%.
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.
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.