Investec Reaffirms Sell Rating for Marks and Spencer Group Plc (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “sell” rating reissued by equities researchers at Investec in a research report issued to clients and investors on Tuesday. They currently have a GBX 295 ($3.82) price target on the retailer’s stock. Investec’s price target would indicate a potential downside of 12.98% from the stock’s current price.
Several other analysts have also weighed in on the stock. Macquarie raised their price objective on shares of Marks and Spencer Group Plc from GBX 270 ($3.50) to GBX 290 ($3.76) and gave the stock an “underperform” rating in a report on Friday, May 19th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 465 ($6.02) price objective on shares of Marks and Spencer Group Plc in a report on Wednesday, March 22nd. Peel Hunt reissued a “buy” rating and set a GBX 500 ($6.48) price target on shares of Marks and Spencer Group Plc in a research note on Friday, May 12th. Citigroup Inc. reissued a “buy” rating and set a GBX 420 ($5.44) price target on shares of Marks and Spencer Group Plc in a research note on Wednesday, May 10th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Thursday, May 4th. Eight analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 374.62 ($4.85).
Shares of Marks and Spencer Group Plc (LON MKS) traded down 4.45% during mid-day trading on Tuesday, reaching GBX 323.90. The company had a trading volume of 10,229,431 shares. The company’s 50-day moving average price is GBX 365.58 and its 200-day moving average price is GBX 348.93. Marks and Spencer Group Plc has a 52-week low of GBX 277.34 and a 52-week high of GBX 397.80. The company’s market capitalization is GBX 5.26 billion.
The company also recently announced a dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 1st will be given 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 dividend yield of 3.07%.
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.
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