Marks and Spencer Group’s (MKS) “House Stock” Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Marks and Spencer Group (LON:MKS) in a research note issued to investors on Wednesday morning, Marketbeat reports.

Several other brokerages also recently issued reports on MKS. Jefferies Financial Group upgraded Marks and Spencer Group to a buy rating and set a GBX 310 ($3.94) price objective on the stock in a research report on Monday, April 22nd. JPMorgan Chase & Co. upped their price target on shares of Marks and Spencer Group from GBX 260 ($3.30) to GBX 330 ($4.19) and gave the stock an overweight rating in a research report on Thursday, April 11th. Royal Bank of Canada restated an overweight rating and issued a GBX 315 ($4.00) price objective on shares of Marks and Spencer Group in a report on Wednesday, May 15th. Finally, Barclays restated an overweight rating and set a GBX 300 ($3.81) target price on shares of Marks and Spencer Group in a report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Marks and Spencer Group has an average rating of Moderate Buy and an average target price of GBX 304.29 ($3.87).

Marks and Spencer Group Stock Performance

MKS opened at GBX 299.20 ($3.80) on Wednesday. The stock’s 50 day simple moving average is GBX 262.21 and its 200 day simple moving average is GBX 256.46. The company has a debt-to-equity ratio of 115.61, a current ratio of 0.80 and a quick ratio of 0.42. The stock has a market cap of £6.13 billion, a P/E ratio of 1,424.76, a P/E/G ratio of 0.20 and a beta of 1.58. Marks and Spencer Group has a 1-year low of GBX 177.40 ($2.25) and a 1-year high of GBX 300.02 ($3.81).

Marks and Spencer Group Increases Dividend

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