Marks and Spencer Group plc (LON:MKS) Receives GBX 322.50 Average PT from Brokerages

Shares of Marks and Spencer Group plc (LON:MKS) have been assigned an average rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 322.50 ($4.11).

A number of analysts have recently weighed in on MKS shares. Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Marks and Spencer Group from GBX 315 ($4.01) to GBX 350 ($4.46) and gave the stock a “buy” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 360 ($4.58) price objective on shares of Marks and Spencer Group in a research report on Thursday, May 23rd. Royal Bank of Canada reiterated an “overweight” rating and set a GBX 315 ($4.01) price objective on shares of Marks and Spencer Group in a research report on Wednesday, May 15th. Finally, Jefferies Financial Group upgraded shares of Marks and Spencer Group to a “buy” rating and set a GBX 310 ($3.95) price objective for the company in a research report on Monday, April 22nd.

Marks and Spencer Group Stock Performance

Shares of Marks and Spencer Group stock opened at GBX 295.40 ($3.76) on Friday. The company has a 50 day moving average of GBX 276.08 and a 200-day moving average of GBX 262.18. Marks and Spencer Group has a 1-year low of GBX 183.80 ($2.34) and a 1-year high of GBX 314 ($4.00). The company has a current ratio of 0.80, a quick ratio of 0.42 and a debt-to-equity ratio of 115.61. The company has a market cap of £6.06 billion, a PE ratio of 1,406.67, a price-to-earnings-growth ratio of 0.20 and a beta of 1.58.

Marks and Spencer Group Increases Dividend

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

About Marks and Spencer Group

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.