Marks and Spencer Group (LON:MKS) Earns “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Marks and Spencer Group (LON:MKS) in a research note published on Friday, MarketBeat Ratings reports.

A number of other brokerages also recently issued reports on MKS. Deutsche Bank Aktiengesellschaft reiterated a buy rating and issued a GBX 350 ($4.44) price target on shares of Marks and Spencer Group in a report on Friday. Jefferies Financial Group raised shares of Marks and Spencer Group to a buy rating and set a GBX 310 ($3.93) price objective on the stock in a research note on Monday, April 22nd. Shore Capital reissued a house stock rating on shares of Marks and Spencer Group in a research note on Thursday, May 30th. Finally, Royal Bank of Canada reissued an overweight rating and issued a GBX 315 ($4.00) price objective on shares of Marks and Spencer Group in a research note on Wednesday, May 15th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and an average price target of GBX 322.50 ($4.09).

Marks and Spencer Group Stock Down 2.5 %

Shares of Marks and Spencer Group stock opened at GBX 286.50 ($3.63) on Friday. The firm has a fifty day moving average of GBX 284.68 and a two-hundred day moving average of GBX 264.97. The company has a debt-to-equity ratio of 115.61, a quick ratio of 0.42 and a current ratio of 0.80. The company has a market cap of £5.87 billion, a P/E ratio of 1,364.29, a PEG ratio of 0.20 and a beta of 1.58. Marks and Spencer Group has a one year low of GBX 183.80 ($2.33) and a one year high of GBX 314 ($3.98).

Marks and Spencer Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, May 30th will be paid a dividend of GBX 2 ($0.03) per share. This is a boost from Marks and Spencer Group’s previous dividend of $1.00. This represents a dividend yield of 0.73%. The ex-dividend date is Thursday, May 30th. Marks and Spencer Group’s dividend payout ratio (DPR) is currently 1,428.57%.

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.