Marks and Spencer Group (LON:MKS) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Marks and Spencer Group (LON:MKS) in a research note released on Thursday, MarketBeat reports. JPMorgan Chase & Co. currently has a GBX 360 ($4.58) price target on the retailer’s stock.

MKS has been the topic of several other research reports. Jefferies Financial Group upgraded shares of Marks and Spencer Group to a buy rating and set a GBX 310 ($3.94) target price on the stock in a research report on Monday, April 22nd. Barclays reiterated an overweight rating and issued a GBX 300 ($3.81) target price on shares of Marks and Spencer Group in a research report on Tuesday, February 6th. Royal Bank of Canada reissued an overweight rating and issued a GBX 315 ($4.00) price target on shares of Marks and Spencer Group in a research note on Wednesday, May 15th. Finally, Shore Capital reissued a house stock rating on shares of Marks and Spencer Group in a research note on Wednesday, May 22nd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Marks and Spencer Group presently has a consensus rating of Buy and an average price target of GBX 322.50 ($4.10).

Marks and Spencer Group Stock Up 2.3 %

MKS stock opened at GBX 299.20 ($3.80) on Thursday. The firm has a market cap of £6.13 billion, a PE ratio of 1,424.76, a P/E/G ratio of 0.20 and a beta of 1.58. 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 firm’s fifty day moving average is GBX 262.21 and its 200 day moving average is GBX 256.77. Marks and Spencer Group has a one year low of GBX 177.40 ($2.25) and a one year high of GBX 300.02 ($3.81).

Marks and Spencer Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, May 30th will be paid a GBX 2 ($0.03) dividend. This is an increase from Marks and Spencer Group’s previous dividend of $1.00. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend 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.