Investec reiterated their sell rating on shares of Marks and Spencer Group Plc (LON:MKS) in a report published on Tuesday, July 11th. They currently have a GBX 295 ($3.84) price objective on the retailer’s stock.
A number of other research analysts have also recently weighed in on the stock. Liberum Capital reiterated a sell rating and issued a GBX 250 ($3.26) price target on shares of Marks and Spencer Group Plc in a report on Tuesday, July 11th. Shore Capital restated a hold rating on shares of Marks and Spencer Group Plc in a report on Tuesday, July 11th. Peel Hunt reduced their target price on shares of Marks and Spencer Group Plc from GBX 500 ($6.51) to GBX 450 ($5.86) and set a buy rating on the stock in a report on Tuesday, July 11th. Deutsche Bank AG reiterated a hold rating and set a GBX 360 ($4.69) price target on shares of Marks and Spencer Group Plc in a report on Friday, July 7th. Finally, Credit Suisse Group reissued a neutral rating and issued a GBX 370 ($4.82) price objective on shares of Marks and Spencer Group Plc in a research report on Thursday, July 6th. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 369.91 ($4.82).
Marks and Spencer Group Plc (LON:MKS) traded down 0.55% during midday trading on Tuesday, reaching GBX 327.10. The company had a trading volume of 2,665,886 shares. Marks and Spencer Group Plc has a 12-month low of GBX 307.00 and a 12-month high of GBX 397.80. The stock has a 50-day moving average price of GBX 330.99 and a 200 day moving average price of GBX 345.42. The company’s market capitalization is GBX 5.31 billion.
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The business also recently disclosed a dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 1st were issued a dividend of GBX 11.90 ($0.15) per share. This represents a yield of 3.07%. This is an increase from Marks and Spencer Group Plc’s previous dividend of $6.80. The ex-dividend date of this dividend was Thursday, June 1st.
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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