Marks and Spencer Group Plc Receives “Conviction Sell” Rating from Goldman Sachs (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “conviction sell” rating restated by analysts at Goldman Sachs in a research report issued to clients and investors on Friday. They currently have a GBX 340 ($5.79) target price on the stock. Goldman Sachs’ price target indicates a potential downside of 21.28% from the stock’s previous close.
Marks and Spencer Group Plc (LON:MKS) traded up 1.36% on Friday, hitting GBX 431.90. The stock had a trading volume of 2,733,743 shares. Marks and Spencer Group Plc has a 52 week low of GBX 359.20 and a 52 week high of GBX 520.50. The stock has a 50-day moving average of GBX 446.8 and a 200-day moving average of GBX 459.0. The company’s market cap is £7.038 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.
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of Marks and Spencer Group Plc from GBX 350 ($5.96) to GBX 340 ($5.79) in a research note on Wednesday. They now have an “underweight” rating on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Marks and Spencer Group Plc in a research note on Monday. They now have a GBX 510 ($8.68) price target on the stock, down previously from GBX 550 ($9.36). Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Monday. They now have a GBX 485 ($8.25) price target on the stock. Seven analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 477.59 ($8.13).
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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