Barclays Reiterates “Underweight” Rating for Marks and Spencer Group Plc (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “underweight” rating restated by equities research analysts at Barclays in a research note issued to investors on Friday. They currently have a GBX 340 ($5.79) price target on the stock. Barclays’ price target would indicate a potential downside of 21.66% from the stock’s previous close.
MKS has been the subject of a number of other recent research reports. Analysts at Grupo Santander reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Tuesday. They now have a GBX 446 ($7.60) price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Marks and Spencer Group Plc from GBX 600 ($10.22) to GBX 525 ($8.94) in a research note on Tuesday. They now have a “buy” rating 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 Monday. Seven research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 475.85 ($8.11).
Marks and Spencer Group Plc (LON:MKS) traded up 0.53% during mid-day trading on Friday, hitting GBX 436.30. 1,786,373 shares of the company’s stock traded hands. 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’s 50-day moving average is GBX 443.7 and its 200-day moving average is GBX 458.. The company’s market cap is £7.110 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.
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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