Marks and Spencer Group Plc’s (MKS) Sell Rating Reiterated at Liberum Capital
Liberum Capital reiterated their sell rating on shares of Marks and Spencer Group Plc (LON:MKS) in a research note issued to investors on Wednesday. The firm currently has a GBX 250 ($3.25) price objective on the retailer’s stock.
Several other equities analysts have also recently weighed in on MKS. Deutsche Bank AG lifted their price objective on Marks and Spencer Group Plc from GBX 350 ($4.55) to GBX 360 ($4.68) and gave the company a hold rating in a report on Wednesday, May 10th. HSBC Holdings plc dropped their price objective on Marks and Spencer Group Plc from GBX 465 ($6.05) to GBX 435 ($5.66) and set a buy rating for the company in a report on Wednesday, May 17th. Barclays PLC started coverage on Marks and Spencer Group Plc in a report on Friday, April 21st. They issued an overweight rating and a GBX 410 ($5.33) price objective for the company. BNP Paribas lifted their price objective on Marks and Spencer Group Plc from GBX 250 ($3.25) to GBX 315 ($4.10) and gave the company an underperform rating in a report on Monday, April 3rd. Finally, Shore Capital reaffirmed a hold rating on shares of Marks and Spencer Group Plc in a report on Thursday, May 4th. Eight analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 381.67 ($4.97).
Marks and Spencer Group Plc (LON:MKS) opened at 387.83124 on Wednesday. Marks and Spencer Group Plc has a 52 week low of GBX 255.10 and a 52 week high of GBX 397.80. The firm’s market capitalization is GBX 6.30 billion. The company has a 50 day moving average price of GBX 367.80 and a 200-day moving average price of GBX 344.76.
The company also recently disclosed a dividend, which will be paid on Friday, July 14th. Investors of record on Thursday, June 1st will be given a dividend of GBX 11.90 ($0.15) per share. The ex-dividend date is Thursday, June 1st. This represents a yield of 3.07%. This is a positive change from Marks and Spencer Group Plc’s previous dividend of $6.80.
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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