JPMorgan Chase & Co. Reaffirms Underweight Rating for Marks and Spencer Group (MKS)

JPMorgan Chase & Co. reiterated their underweight rating on shares of Marks and Spencer Group (LON:MKS) in a research report released on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 230 ($3.01) target price on the retailer’s stock, down from their prior target price of GBX 250 ($3.27).

A number of other research analysts also recently commented on the stock. Barclays reduced their price objective on shares of Marks and Spencer Group from GBX 335 ($4.38) to GBX 320 ($4.18) and set an overweight rating on the stock in a research note on Thursday. Shore Capital reiterated a house stock rating on shares of Marks and Spencer Group in a research note on Wednesday, May 22nd. Peel Hunt reiterated a buy rating on shares of Marks and Spencer Group in a research note on Wednesday, May 22nd. UBS Group reiterated a neutral rating on shares of Marks and Spencer Group in a research note on Friday, May 17th. Finally, Liberum Capital reiterated a sell rating and set a GBX 225 ($2.94) price objective on shares of Marks and Spencer Group in a research note on Friday, May 17th. Seven analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Marks and Spencer Group has a consensus rating of Hold and a consensus price target of GBX 260.17 ($3.40).

LON MKS opened at GBX 246.30 ($3.22) on Thursday. Marks and Spencer Group has a 12 month low of GBX 240 ($3.14) and a 12 month high of GBX 316.60 ($4.14). The company has a debt-to-equity ratio of 62.77, a quick ratio of 0.26 and a current ratio of 0.73. The firm has a market cap of $4.00 billion and a price-to-earnings ratio of 136.83.

The firm also recently announced a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, May 30th will be issued a dividend of GBX 7.10 ($0.09) per share. This represents a dividend yield of 2.62%. This is a boost from Marks and Spencer Group’s previous dividend of $6.80. The ex-dividend date is Thursday, May 30th. Marks and Spencer Group’s dividend payout ratio is 10.56%.

In other Marks and Spencer Group news, insider Katie Bickerstaffe bought 2,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were bought at an average cost of GBX 249 ($3.25) per share, with a total value of £4,980 ($6,507.25).

About Marks and Spencer Group

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

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