Marks and Spencer Group Plc Stock Rating Reaffirmed by Oriel Securities Ltd (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Oriel Securities Ltd in a research note issued to investors on Tuesday. They currently have a GBX 520 ($8.83) target price on the stock. Oriel Securities Ltd’s target price would indicate a potential upside of 18.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Marks and Spencer Group Plc in a research note on Tuesday, June 10th. They now have a GBX 400 ($6.79) price target on the stock. Finally, analysts at Shore Capital reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Wednesday, May 28th. They now have a GBX 448 ($7.60) price target on the stock. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. Marks and Spencer Group Plc has a consensus rating of “Hold” and an average target price of GBX 484.07 ($8.22).
Shares of Marks and Spencer Group Plc (LON:MKS) traded down 0.59% on Tuesday, hitting GBX 435.30. The stock had a trading volume of 3,208,495 shares. Marks and Spencer Group Plc has a one year low of GBX 359.20 and a one year high of GBX 520.50. The stock’s 50-day moving average is GBX 448.6 and its 200-day moving average is GBX 461.6. The company’s market cap is £7.094 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.
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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