Marks and Spencer Group Plc (LON:MKS) declared a dividend on Wednesday, November 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 14th will be paid a dividend of GBX 3.90 ($0.05) per share by the retailer on Friday, January 10th. This represents a dividend yield of 2.14%. The ex-dividend date is Thursday, November 14th. The official announcement can be viewed at this link.
Shares of MKS stock traded down GBX 0.35 ($0.00) on Wednesday, hitting GBX 182 ($2.38). 15,487,266 shares of the stock traded hands, compared to its average volume of 7,590,000. The firm’s 50-day moving average price is GBX 186.30 and its two-hundred day moving average price is GBX 215.47. The company has a debt-to-equity ratio of 66.87, a quick ratio of 0.27 and a current ratio of 0.67. The stock has a market capitalization of $3.56 billion and a PE ratio of 86.67. Marks and Spencer Group has a twelve month low of GBX 161.35 ($2.11) and a twelve month high of GBX 315 ($4.12).
In related news, insider Archie Norman acquired 55,000 shares of Marks and Spencer Group stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average cost of GBX 180 ($2.35) per share, for a total transaction of £99,000 ($129,361.03).
Several research analysts have recently weighed in on MKS shares. UBS Group reissued a “neutral” rating and set a GBX 205 ($2.68) price target on shares of Marks and Spencer Group in a research report on Wednesday, October 2nd. Morgan Stanley reissued an “equal weight” rating and set a GBX 230 ($3.01) price target on shares of Marks and Spencer Group in a research report on Monday, August 5th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 190 ($2.48) price objective on shares of Marks and Spencer Group in a report on Wednesday. Goldman Sachs Group assumed coverage on shares of Marks and Spencer Group in a report on Monday, September 2nd. They issued a “sell” rating and a GBX 170 ($2.22) price objective on the stock. Finally, Barclays restated an “overweight” rating and issued a GBX 290 ($3.79) price objective on shares of Marks and Spencer Group in a report on Friday, September 20th. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 224.07 ($2.93).
Marks and Spencer Group Company Profile
Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.
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