Marks and Spencer Group’s (MKS) “Sell” Rating Reiterated at Liberum Capital

Liberum Capital reiterated their sell rating on shares of Marks and Spencer Group (LON:MKS) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada dropped their price target on shares of Stitch Fix from $52.00 to $43.00 and set an outperform rating for the company in a research report on Tuesday, July 2nd. Credit Suisse Group upgraded shares of Vipshop from an underperform rating to a neutral rating in a research report on Thursday, May 23rd. Jefferies Financial Group assumed coverage on shares of Serica Energy in a research report on Thursday, May 23rd. They set a buy rating for the company. Barclays dropped their price target on shares of from GBX 320 ($4.18) to GBX 290 ($3.79) and set an overweight rating for the company in a research report on Tuesday, June 25th. Finally, Numis Securities reiterated a buy rating on shares of 3i Group in a research report on Thursday, May 16th. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 251.55 ($3.29).

Shares of MKS opened at GBX 209.30 ($2.73) on Tuesday. Marks and Spencer Group has a 1-year low of GBX 203.10 ($2.65) and a 1-year high of GBX 316.60 ($4.14). The firm has a market capitalization of $4.02 billion and a PE ratio of 99.67. The company’s 50-day moving average is GBX 219.52. The company has a current ratio of 0.67, a quick ratio of 0.34 and a debt-to-equity ratio of 66.87.

The firm also recently disclosed a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, May 30th will be issued a GBX 7.10 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 2.62%. This is a boost from Marks and Spencer Group’s previous dividend of $6.80. Marks and Spencer Group’s payout ratio is 6.67%.

In related news, insider Steve Rowe sold 15,873 shares of Marks and Spencer Group stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of GBX 205 ($2.68), for a total value of £32,539.65 ($42,518.82). Also, insider Humphrey Singer acquired 22,500 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average price of GBX 220 ($2.87) per share, with a total value of £49,500 ($64,680.52).

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.

Read More: What is a Special Dividend?

Analyst Recommendations for Marks and Spencer Group (LON:MKS)

Receive News & Ratings for Marks and Spencer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group and related companies with MarketBeat.com's FREE daily email newsletter.