Marks and Spencer Group (MKS) Stock Rating Reaffirmed by HSBC

HSBC reaffirmed their hold rating on shares of Marks and Spencer Group (LON:MKS) in a research report released on Thursday morning.

MKS has been the subject of several other reports. Royal Bank of Canada reissued an outperform rating and set a GBX 330 ($4.31) price objective on shares of Marks and Spencer Group in a research note on Wednesday, November 7th. Peel Hunt restated a buy rating on shares of Marks and Spencer Group in a report on Wednesday, November 7th. Goldman Sachs Group reduced their target price on Marks and Spencer Group from GBX 265 ($3.46) to GBX 260 ($3.40) and set a sell rating for the company in a report on Wednesday, December 5th. Shore Capital restated a hold rating on shares of Marks and Spencer Group in a report on Tuesday, October 9th. Finally, Investec lowered Marks and Spencer Group to a sell rating and reduced their target price for the company from GBX 285 ($3.72) to GBX 240 ($3.14) in a report on Tuesday, November 20th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 301.73 ($3.94).

Shares of MKS traded up GBX 1.60 ($0.02) during trading hours on Thursday, hitting GBX 276.10 ($3.61). 8,907,197 shares of the company were exchanged, compared to its average volume of 7,590,000. Marks and Spencer Group has a one year low of GBX 274.30 ($3.58) and a one year high of GBX 397.80 ($5.20).

The company also recently disclosed a dividend, which will be paid on Friday, January 11th. Investors of record on Thursday, November 15th will be issued a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date is Thursday, November 15th. This represents a dividend yield of 2.26%.

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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