Marks and Spencer Group (LON:MKS) Rating Reiterated by Shore Capital

Shore Capital reiterated their house stock rating on shares of Marks and Spencer Group (LON:MKS) in a research report released on Wednesday morning, Digital Look reports.

Several other analysts have also commented on MKS. Peel Hunt lowered Marks and Spencer Group to a hold rating and dropped their target price for the stock from GBX 300 ($3.92) to GBX 200 ($2.61) in a report on Wednesday, October 2nd. UBS Group reaffirmed a neutral rating and set a GBX 205 ($2.68) target price on shares of Marks and Spencer Group in a report on Wednesday, October 2nd. Liberum Capital reaffirmed a sell rating and set a GBX 175 ($2.29) target price on shares of Marks and Spencer Group in a report on Wednesday. Morgan Stanley reaffirmed an equal weight rating and set a GBX 230 ($3.01) target price on shares of Marks and Spencer Group in a report on Monday, August 5th. Finally, Goldman Sachs Group assumed coverage on Marks and Spencer Group in a report on Monday, September 2nd. They set a sell rating and a GBX 170 ($2.22) target price on the stock. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Marks and Spencer Group has an average rating of Hold and an average target price of GBX 221.14 ($2.89).

Marks and Spencer Group stock opened at GBX 186 ($2.43) on Wednesday. The firm has a market cap of $3.65 billion and a price-to-earnings ratio of 88.57. Marks and Spencer Group has a 52 week low of GBX 161.35 ($2.11) and a 52 week high of GBX 315 ($4.12). The business’s 50-day moving average price is GBX 185.40 and its 200 day moving average price is GBX 214.09. The company has a quick ratio of 0.27, a current ratio of 0.67 and a debt-to-equity ratio of 66.87.

The business also recently announced a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 14th will be issued a dividend of GBX 3.90 ($0.05) per share. This represents a yield of 2.14%. The ex-dividend date of this dividend is Thursday, November 14th. Marks and Spencer Group’s dividend payout ratio (DPR) is 6.67%.

In other Marks and Spencer Group news, insider Archie Norman purchased 55,000 shares of the stock in a transaction on Thursday, September 26th. The shares were bought at an average price of GBX 180 ($2.35) per share, for a total transaction of £99,000 ($129,361.03).

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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