Marks and Spencer Group Plc (LON:MKS)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research note issued to investors on Wednesday. They currently have a GBX 500 ($6.50) price target on the retailer’s stock. Peel Hunt’s target price suggests a potential upside of 27.10% from the stock’s previous close.

Several other equities analysts also recently weighed in on MKS. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 370 ($4.81) price target on shares of Marks and Spencer Group Plc in a report on Wednesday, January 25th. Credit Suisse Group AG restated a “neutral” rating and set a GBX 370 ($4.81) price target on shares of Marks and Spencer Group Plc in a report on Wednesday, January 25th. HSBC Holdings plc restated a “buy” rating and set a GBX 465 ($6.05) price target on shares of Marks and Spencer Group Plc in a report on Wednesday, February 15th. Deutsche Bank AG restated a “hold” rating and set a GBX 350 ($4.55) price target on shares of Marks and Spencer Group Plc in a report on Wednesday, February 15th. Finally, Jefferies Group LLC upgraded Marks and Spencer Group Plc to a “buy” rating and raised their price target for the company from GBX 250 ($3.25) to GBX 370 ($4.81) in a report on Tuesday, February 28th. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Marks and Spencer Group Plc has a consensus rating of “Hold” and an average price target of GBX 377.68 ($4.91).

Analyst Recommendations for Marks and Spencer Group Plc (LON:MKS)

Marks and Spencer Group Plc (LON:MKS) traded up 1.47% during mid-day trading on Wednesday, hitting GBX 393.40. 18,151,505 shares of the stock traded hands. The firm’s market cap is GBX 6.38 billion. Marks and Spencer Group Plc has a 52-week low of GBX 255.10 and a 52-week high of GBX 444.63. The firm’s 50-day moving average is GBX 364.88 and its 200 day moving average is GBX 344.15.

The firm also recently declared a dividend, which will be paid on Friday, July 14th. Investors of record on Thursday, June 1st will be issued a GBX 11.90 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, June 1st. This is a boost from Marks and Spencer Group Plc’s previous dividend of $6.80. This represents a yield of 3.07%.

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About Marks and Spencer Group Plc

Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.

12 Month Chart for LON:MKS

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