Marks and Spencer Group Plc’s (MKS) Sell Rating Reaffirmed at Liberum Capital

Marks and Spencer Group Plc (LON:MKS)‘s stock had its “sell” rating reiterated by research analysts at Liberum Capital in a note issued to investors on Thursday. They presently have a GBX 250 ($3.04) price objective on the retailer’s stock. Liberum Capital’s target price suggests a potential downside of 26.56% from the company’s previous close.

A number of other brokerages have also weighed in on MKS. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 285 ($3.47) target price on shares of Marks and Spencer Group Plc in a research report on Thursday, September 29th. BNP Paribas reissued an “underperform” rating and issued a GBX 290 ($3.53) target price on shares of Marks and Spencer Group Plc in a research report on Monday, October 3rd. Deutsche Bank AG reissued a “hold” rating and issued a GBX 350 ($4.26) target price on shares of Marks and Spencer Group Plc in a research report on Tuesday, October 25th. Investec reissued a “hold” rating and issued a GBX 315 ($3.83) target price on shares of Marks and Spencer Group Plc in a research report on Monday, November 7th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 500 ($6.08) target price on shares of Marks and Spencer Group Plc in a research report on Tuesday, November 8th. Ten equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 381.38 ($4.64).

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

Marks and Spencer Group Plc (LON:MKS) opened at 351.60 on Thursday. The company’s market capitalization is GBX 5.70 billion. Marks and Spencer Group Plc has a 52-week low of GBX 255.10 and a 52-week high of GBX 448.00. The stock has a 50 day moving average of GBX 341.25 and a 200-day moving average of GBX 333.49.

The company also recently declared a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, November 17th will be paid a dividend of GBX 6.80 ($0.08) per share. The ex-dividend date is Thursday, November 17th. This represents a dividend yield of 2.05%.

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In other news, insider Patrick Bousquet Chavanne purchased 2,000 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were purchased at an average price of GBX 336 ($4.09) per share, for a total transaction of £6,720 ($8,172.20).

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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