Marks and Spencer Group’s (MKS) House Stock Rating Reiterated at Shore Capital

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

A number of other equities analysts also recently commented on the stock. HSBC reissued a hold rating on shares of MARKS & SPENCER/S in a research note on Friday, May 24th. Credit Suisse Group raised shares of Vipshop from an underperform rating to a neutral rating in a research note on Thursday, May 23rd. Royal Bank of Canada reduced their price objective on shares of Stitch Fix from $52.00 to $43.00 and set an outperform rating for the company in a research note on Tuesday, July 2nd. Peel Hunt reissued a buy rating on shares of Dotdigital Group in a research note on Wednesday, May 22nd. Finally, Citigroup set a $13.00 price objective on shares of e.l.f. Beauty and gave the stock a hold rating in a research note on Monday, May 13th. Seven analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Marks and Spencer Group presently has an average rating of Hold and a consensus price target of GBX 251.55 ($3.29).

Shares of LON:MKS opened at GBX 208.10 ($2.72) on Friday. The company has a market capitalization of $4.06 billion and a P/E ratio of 99.10. Marks and Spencer Group has a 52 week low of GBX 203.10 ($2.65) and a 52 week high of GBX 316.60 ($4.14). The company has a quick ratio of 0.34, a current ratio of 0.67 and a debt-to-equity ratio of 66.87. The business has a 50 day simple moving average of GBX 218.82.

The firm also recently declared a dividend, which was paid on Friday, July 12th. Stockholders of record on Thursday, May 30th were given a dividend of GBX 7.10 ($0.09) per share. The ex-dividend date of this dividend was Thursday, May 30th. This is an increase from Marks and Spencer Group’s previous dividend of $6.80. This represents a dividend yield of 2.62%. Marks and Spencer Group’s dividend payout ratio is presently 6.67%.

In other news, insider Steve Rowe sold 15,873 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of GBX 205 ($2.68), for a total transaction of £32,539.65 ($42,518.82). Also, insider Katie Bickerstaffe purchased 2,000 shares of Marks and Spencer Group stock in a transaction dated Wednesday, May 22nd. The shares were acquired at an average cost of GBX 249 ($3.25) per share, for a total transaction of £4,980 ($6,507.25).

Marks and Spencer Group Company Profile

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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