Marks and Spencer Group Plc (MKS) Stock Rating Reaffirmed by Investec
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “sell” rating reissued by Investec in a report issued on Tuesday. They currently have a GBX 290 ($3.60) price target on the retailer’s stock, down from their prior price target of GBX 315 ($3.91). Investec’s price objective indicates a potential downside of 11.77% from the stock’s current price.
Several other equities research analysts also recently weighed in on the stock. Goldman Sachs Group Inc. raised their price target on shares of Marks and Spencer Group Plc from GBX 315 ($3.91) to GBX 330 ($4.09) and gave the company a “sell” rating in a research report on Monday. Liberum Capital reissued a “sell” rating and set a GBX 250 ($3.10) price target on shares of Marks and Spencer Group Plc in a research report on Thursday, November 17th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 285 ($3.54) price target on shares of Marks and Spencer Group Plc in a research report on Tuesday, November 15th. Citigroup Inc. reissued a “buy” rating on shares of Marks and Spencer Group Plc in a research report on Monday, November 14th. Finally, Beaufort Securities restated a “hold” rating on shares of Marks and Spencer Group Plc in a report on Wednesday, November 9th. Eleven research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 388.12 ($4.81).
Marks and Spencer Group Plc (LON:MKS) opened at 324.20 on Tuesday. The stock has a 50 day moving average of GBX 334.72 and a 200 day moving average of GBX 342.39. The company’s market cap is GBX 5.26 billion. Marks and Spencer Group Plc has a 12-month low of GBX 255.10 and a 12-month high of GBX 515.00.
The business also recently disclosed a dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, November 17th will be given a GBX 6.80 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a yield of 2.05%.
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In related news, insider Patrick Bousquet Chavanne acquired 2,700 shares of the stock in a transaction on Tuesday, November 15th. The stock was bought at an average cost of GBX 342 ($4.24) per share, with a total value of £9,234 ($11,455.15).
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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