Marks and Spencer Group Plc (MKS) Given Average Recommendation of “Hold” by Analysts
Shares of Marks and Spencer Group Plc (LON:MKS) have been given a consensus recommendation of “Hold” by the twenty-five analysts that are presently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 369.91 ($4.88).
MKS has been the subject of a number of research analyst reports. Liberum Capital reiterated a “sell” rating and issued a GBX 250 ($3.30) target price on shares of Marks and Spencer Group Plc in a research note on Wednesday, April 19th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 460 ($6.07) target price on shares of Marks and Spencer Group Plc in a research note on Monday, April 24th. Barclays PLC initiated coverage on shares of Marks and Spencer Group Plc in a research note on Friday, April 21st. They issued an “overweight” rating and a GBX 410 ($5.41) target price for the company. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 435 ($5.74) target price on shares of Marks and Spencer Group Plc in a research note on Friday, May 26th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 285 ($3.76) target price on shares of Marks and Spencer Group Plc in a research note on Tuesday, June 27th.
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Marks and Spencer Group Plc (LON MKS) opened at 328.00 on Friday. Marks and Spencer Group Plc has a one year low of GBX 307.00 and a one year high of GBX 397.80. The company has a 50-day moving average price of GBX 335.14 and a 200-day moving average price of GBX 346.10. The company’s market capitalization is GBX 5.32 billion.
The company also recently disclosed a dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 1st were paid a dividend of GBX 11.90 ($0.16) per share. The ex-dividend date of this dividend was Thursday, June 1st. This is a positive change from Marks and Spencer Group Plc’s previous dividend of $6.80. This represents a dividend yield of 3.07%.
Marks and Spencer Group Plc Company Profile
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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