Shares of Marks and Spencer Group Plc (LON:MKS) have received an average rating of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 220.31 ($2.88).
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A number of equities research analysts have recently commented on MKS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 190 ($2.48) target price on shares of Marks and Spencer Group in a report on Wednesday. Barclays reaffirmed an “overweight” rating and issued a GBX 290 ($3.79) target price on shares of Marks and Spencer Group in a report on Friday, September 20th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 175 ($2.29) target price on shares of Marks and Spencer Group in a report on Wednesday. UBS Group reaffirmed a “neutral” rating and issued a GBX 205 ($2.68) target price on shares of Marks and Spencer Group in a report on Wednesday, October 2nd. Finally, Peel Hunt cut shares of Marks and Spencer Group to a “hold” rating and reduced their target price for the company from GBX 300 ($3.92) to GBX 200 ($2.61) in a report on Wednesday, October 2nd.
In other news, insider Archie Norman purchased 55,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were acquired at an average cost of GBX 180 ($2.35) per share, for a total transaction of £99,000 ($129,361.03).
Shares of LON:MKS traded down GBX 5.40 ($0.07) on Thursday, reaching GBX 186 ($2.43). The company’s stock had a trading volume of 8,816,234 shares, compared to its average volume of 7,590,000. The stock’s 50-day moving average is GBX 185.40 and its two-hundred day moving average is GBX 214.09. Marks and Spencer Group has a 52-week low of GBX 161.35 ($2.11) and a 52-week high of GBX 315 ($4.12). The company has a debt-to-equity ratio of 66.87, a current ratio of 0.67 and a quick ratio of 0.27. The stock has a market capitalization of $3.65 billion and a P/E ratio of 88.57.
The firm also recently announced a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 14th will be issued a GBX 3.90 ($0.05) dividend. The ex-dividend date is Thursday, November 14th. This represents a dividend yield of 2.14%. Marks and Spencer Group’s payout ratio is 6.67%.
Marks and Spencer Group Company Profile
Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.
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