Marks and Spencer Group (LON:MKS) Receives “Sell” Rating from Liberum Capital

Liberum Capital reissued their sell rating on shares of Marks and Spencer Group (LON:MKS) in a research report report published on Friday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also commented on MKS. UBS Group restated a neutral rating and issued a GBX 205 ($2.68) price objective on shares of Marks and Spencer Group in a research note on Wednesday, October 2nd. Shore Capital reiterated a house stock rating on shares of Marks and Spencer Group in a research report on Monday, November 25th. Societe Generale raised Marks and Spencer Group to a hold rating and boosted their price target for the company from GBX 179 ($2.34) to GBX 189 ($2.47) in a report on Thursday, November 7th. Barclays cut their price target on Marks and Spencer Group from GBX 290 ($3.79) to GBX 265 ($3.46) and set an overweight rating for the company in a report on Friday, November 15th. Finally, Goldman Sachs Group began coverage on Marks and Spencer Group in a research report on Monday, September 2nd. They issued a sell rating and a GBX 170 ($2.22) price target for the company. Six 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 211.86 ($2.77).

MKS traded up GBX 8 ($0.10) during trading on Friday, hitting GBX 201.20 ($2.63). The company’s stock had a trading volume of 8,992,529 shares, compared to its average volume of 7,590,000. The business’s 50 day simple moving average is GBX 188.56 and its 200-day simple moving average is GBX 201.76. The firm has a market cap of $3.92 billion and a PE ratio of 40.24. Marks and Spencer Group has a one year low of GBX 161.35 ($2.11) and a one year high of GBX 306.20 ($4.00). The company has a quick ratio of 0.34, a current ratio of 0.74 and a debt-to-equity ratio of 145.15.

The company also recently announced a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 14th will be issued a GBX 3.90 ($0.05) dividend. 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 is currently 2.20%.

In other Marks and Spencer Group news, insider Archie Norman purchased 55,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were acquired at an average cost of GBX 180 ($2.35) per share, with a total value 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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