Marks and Spencer Group Plc (MKS) Given Reduce Rating at Numis Securities Ltd

Numis Securities Ltd reissued their reduce rating on shares of Marks and Spencer Group Plc (LON:MKS) in a research report released on Thursday. The brokerage currently has a GBX 320 ($4.16) price objective on the retailer’s stock.

A number of other analysts also recently issued reports on MKS. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 370 ($4.81) target price on shares of Marks and Spencer Group Plc in a research report on Wednesday, January 25th. Credit Suisse Group AG reaffirmed a neutral rating and issued a GBX 370 ($4.81) target price on shares of Marks and Spencer Group Plc in a research report on Wednesday, January 25th. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 465 ($6.05) target price on shares of Marks and Spencer Group Plc in a research report on Wednesday, February 15th. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 350 ($4.55) target price on shares of Marks and Spencer Group Plc in a research report on Wednesday, February 15th. Finally, Jefferies Group LLC raised Marks and Spencer Group Plc to a buy rating and lifted their target price for the company from GBX 250 ($3.25) to GBX 370 ($4.81) in a research report on Tuesday, February 28th. Eight investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Marks and Spencer Group Plc currently has an average rating of Hold and an average target price of GBX 383.59 ($4.99).

Shares of Marks and Spencer Group Plc (LON:MKS) traded down 0.77% on Thursday, hitting GBX 386.30. The stock had a trading volume of 6,526,975 shares. The stock’s market capitalization is GBX 6.27 billion. Marks and Spencer Group Plc has a one year low of GBX 255.10 and a one year high of GBX 398.95. The firm’s 50 day moving average is GBX 366.33 and its 200-day moving average is GBX 344.47.

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

About Marks and Spencer Group Plc

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.

12 Month Chart for LON:MKS

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