Marks and Spencer Group Plc Stock Rating Reaffirmed by Shore Capital (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “hold” rating reaffirmed by investment analysts at Shore Capital in a note issued to investors on Wednesday. They currently have a GBX 448 ($7.54) price target on the stock. Shore Capital’s price objective suggests a potential downside of 0.60% from the stock’s previous close.
Marks and Spencer Group Plc (LON:MKS) traded up 1.16% on Wednesday, hitting GBX 445.00. The stock had a trading volume of 1,962,067 shares. 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 has a 50-day moving average of GBX 444.1 and a 200-day moving average of GBX 466.1. The company’s market cap is £7.210 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 11th. Investors 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Grupo Santander reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Thursday, May 22nd. They now have a GBX 446 ($7.51) price target on the stock. Separately, analysts at BNP Paribas cut their price target on shares of Marks and Spencer Group Plc from GBX 570 ($9.59) to GBX 540 ($9.09) in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. Finally, analysts at Societe Generale raised their price target on shares of Marks and Spencer Group Plc from GBX 609 ($10.25) to GBX 617 ($10.39) in a research note on Wednesday, May 21st. They now have a “buy” rating on the stock. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. Marks and Spencer Group Plc has a consensus rating of “Hold” and a consensus price target of GBX 484.07 ($8.15).
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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