Marks and Spencer Group (MKS) Receives “Overweight” Rating from Barclays
Barclays reiterated their overweight rating on shares of Marks and Spencer Group (LON:MKS) in a research note published on Friday morning. Barclays currently has a GBX 370 ($5.02) target price on the retailer’s stock.
MKS has been the topic of a number of other research reports. Liberum Capital reissued a sell rating and issued a GBX 250 ($3.39) price target on shares of Marks and Spencer Group in a research note on Thursday, January 11th. Jefferies Group reissued a buy rating and issued a GBX 370 ($5.02) price target on shares of Marks and Spencer Group in a research note on Tuesday, January 2nd. Peel Hunt reissued a buy rating and issued a GBX 450 ($6.10) price target on shares of Marks and Spencer Group in a research note on Tuesday, December 5th. Credit Suisse Group reissued a neutral rating and issued a GBX 370 ($5.02) price target on shares of Marks and Spencer Group in a research note on Tuesday, November 21st. Finally, reissued a buy rating and issued a GBX 400 ($5.42) price target on shares of Marks and Spencer Group in a research note on Monday, November 13th. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 339.33 ($4.60).
Marks and Spencer Group (MKS) opened at GBX 306.60 ($4.16) on Friday. The company has a market capitalization of $4,980.00 and a price-to-earnings ratio of 2,787.27. Marks and Spencer Group has a 12-month low of GBX 296.30 ($4.02) and a 12-month high of GBX 397.80 ($5.39).
The firm also recently disclosed a dividend, which was paid on Friday, January 12th. Investors of record on Thursday, November 16th were paid a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 2.13%. The ex-dividend date was Thursday, November 16th.
In other Marks and Spencer Group news, insider Archie Norman acquired 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average price of GBX 300 ($4.07) per share, with a total value of £99,000 ($134,255.49).
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About Marks and Spencer Group
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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