Marks and Spencer Group Plc (MKS) PT Raised to GBX 420

Marks and Spencer Group Plc (LON:MKS) had its price target hoisted by Jefferies Group LLC from GBX 370 ($4.68) to GBX 420 ($5.31) in a research report sent to investors on Monday, May 22nd, MarketBeat Ratings reports. The brokerage currently has a buy rating on the retailer’s stock.

A number of other research firms have also recently issued reports on MKS. Macquarie lifted their target price on shares of Marks and Spencer Group Plc from GBX 270 ($3.42) to GBX 290 ($3.67) and gave the company an underperform rating in a research note on Friday, May 19th. Citigroup Inc. reiterated a buy rating and issued a GBX 420 ($5.31) target price on shares of Marks and Spencer Group Plc in a research note on Wednesday, May 10th. Deutsche Bank AG lifted their target price on shares of Marks and Spencer Group Plc from GBX 350 ($4.43) to GBX 360 ($4.55) and gave the company a hold rating in a research note on Wednesday, May 10th. Peel Hunt reissued a buy rating and issued a GBX 500 ($6.33) price target on shares of Marks and Spencer Group Plc in a report on Friday, May 12th. Finally, HSBC Holdings plc lowered their price target on shares of Marks and Spencer Group Plc from GBX 465 ($5.88) to GBX 435 ($5.50) and set a buy rating for the company in a report on Wednesday, May 17th. Eight analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 381.67 ($4.83).

Shares of Marks and Spencer Group Plc (MKS) traded down 1.88% during trading on Monday, reaching GBX 345.20. The company had a trading volume of 22,215,838 shares. The company’s market cap is GBX 5.60 billion. The firm has a 50-day moving average of GBX 373.97 and a 200-day moving average of GBX 348.29. Marks and Spencer Group Plc has a 12-month low of GBX 255.10 and a 12-month high of GBX 397.80.

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The firm also recently declared a dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 1st will be given a dividend of GBX 11.90 ($0.15) per share. The ex-dividend date of this dividend is Thursday, June 1st. This is a boost from Marks and Spencer Group Plc’s previous dividend of $6.80. This represents a yield of 3.07%.

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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