Goldman Sachs Group Inc. Increases Marks and Spencer Group Plc (MKS) Price Target to GBX 330
Marks and Spencer Group Plc (LON:MKS) had its price target raised by research analysts at Goldman Sachs Group Inc. from GBX 315 ($3.91) to GBX 330 ($4.09) in a report released on Monday. The firm currently has a “sell” rating on the retailer’s stock. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 0.52% from the stock’s current price.
MKS has been the topic of a number of other research reports. BNP Paribas lifted their price objective on Marks and Spencer Group Plc from GBX 310 ($3.85) to GBX 320 ($3.97) and gave the stock an “underperform” rating in a research note on Friday, September 9th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 250 ($3.10) price objective on shares of Marks and Spencer Group Plc in a research note on Tuesday, October 4th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 285 ($3.54) price objective on shares of Marks and Spencer Group Plc in a research note on Thursday, September 29th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 360 ($4.47) target price on shares of Marks and Spencer Group Plc in a report on Thursday, September 8th. Finally, Barclays PLC dropped their target price on Marks and Spencer Group Plc from GBX 580 ($7.20) to GBX 545 ($6.76) and set an “equal weight” rating for the company in a report on Thursday, August 25th. Eleven equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 388.12 ($4.81).
Marks and Spencer Group Plc (LON:MKS) opened at 329.40 on Monday. The company’s 50 day moving average price is GBX 334.72 and its 200-day moving average price is GBX 342.39. Marks and Spencer Group Plc has a one year low of GBX 255.10 and a one year high of GBX 515.00. The company’s market cap is GBX 5.34 billion.
The firm 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. This represents a yield of 2.05%. The ex-dividend date of this dividend is Thursday, November 17th.
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In other Marks and Spencer Group Plc news, insider Patrick Bousquet Chavanne bought 2,000 shares of Marks and Spencer Group Plc stock in a transaction that occurred on Monday, November 14th. The shares were bought at an average cost of GBX 336 ($4.17) per share, with a total value of £6,720 ($8,336.43).
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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