Marks and Spencer Group Plc (MKS) Given “Overweight” Rating at Barclays PLC

Barclays PLC restated their overweight rating on shares of Marks and Spencer Group Plc (LON:MKS) in a report released on Tuesday morning. The firm currently has a GBX 425 ($5.61) price target on the retailer’s stock.

Other research analysts have also recently issued reports about the stock. Jefferies Group LLC lifted their price objective on shares of Marks and Spencer Group Plc from GBX 370 ($4.88) to GBX 420 ($5.54) and gave the company a buy rating in a report on Monday, May 22nd. Citigroup Inc. reiterated a buy rating and set a GBX 420 ($5.54) price objective on shares of Marks and Spencer Group Plc in a report on Wednesday, May 10th. HSBC Holdings plc reiterated a buy rating and set a GBX 465 ($6.13) price objective on shares of Marks and Spencer Group Plc in a report on Monday, April 24th. Finally, Peel Hunt reiterated a buy rating and set a GBX 500 ($6.60) price objective on shares of Marks and Spencer Group Plc in a report on Friday, May 12th. Nine investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Marks and Spencer Group Plc presently has a consensus rating of Hold and an average target price of GBX 369.91 ($4.88).

Marks and Spencer Group Plc (MKS) traded up 0.34% during trading on Tuesday, hitting GBX 325.20. 6,308,699 shares of the stock were exchanged. The firm’s market cap is GBX 5.28 billion. Marks and Spencer Group Plc has a 52 week low of GBX 307.00 and a 52 week high of GBX 397.80. The firm’s 50-day moving average is GBX 335.14 and its 200 day moving average is GBX 346.10.

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The firm also recently declared a dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 1st were given a GBX 11.90 ($0.16) dividend. The ex-dividend date was Thursday, June 1st. This represents a dividend yield of 3.07%. This is a positive change from Marks and Spencer Group Plc’s previous dividend of $6.80.

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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