Marks and Spencer Group Plc’s Buy Rating Reaffirmed at Societe Generale (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “buy” rating reiterated by equities research analysts at Societe Generale in a research note issued to investors on Wednesday. They currently have a GBX 617 ($10.38) target price on the stock. Societe Generale’s target price suggests a potential upside of 38.34% from the company’s current price.
Shares of Marks and Spencer Group Plc (LON:MKS) opened at 443.80 on Wednesday. Marks and Spencer Group Plc has a 1-year low of GBX 359.20 and a 1-year high of GBX 520.50. The stock’s 50-day moving average is GBX 446.2 and its 200-day moving average is GBX 468.0. The company’s market cap is £7.144 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 11th. Stockholders of record on Wednesday, May 28th will be paid a dividend of GBX 10.80 ($0.18) per share. This represents a dividend yield of 2.42%. The ex-dividend date is Wednesday, May 28th.
A number of other firms have also recently commented on MKS. Analysts at Nomura raised their price target on shares of Marks and Spencer Group Plc from GBX 520 ($8.75) to GBX 560 ($9.42) in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Marks and Spencer Group Plc to a “neutral” rating in a research note on Wednesday. They now have a GBX 465 ($7.82) price target on the stock, down previously from GBX 510 ($8.58). Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of Marks and Spencer Group Plc in a research note on Tuesday. They now have a GBX 425 ($7.15) price target on the stock. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 487.15 ($8.19).
Marks and Spencer Group plc is a United Kingdom retailer. The Company is the holding company of the Marks & Spencer Group of companies.
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