Marks and Spencer Group plc (LON:MKS) Receives GBX 327 Average PT from Brokerages

Shares of Marks and Spencer Group plc (LON:MKS) have been assigned a consensus rating of “Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 327 ($4.09).

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, December 11th.

Marks and Spencer Group Trading Down 2.0 %

LON:MKS opened at GBX 382.80 ($4.79) on Thursday. The company has a 50-day moving average price of GBX 382.15 and a 200-day moving average price of GBX 351.21. Marks and Spencer Group has a 12 month low of GBX 229.60 ($2.87) and a 12 month high of GBX 415.30 ($5.20). The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 110.71. The stock has a market cap of £7.73 billion, a price-to-earnings ratio of 1,822.86, a P/E/G ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 28th will be given a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 0.26%. Marks and Spencer Group’s dividend payout ratio is 1,428.57%.

About Marks and Spencer Group

M&S has a heritage of quality, innovation and value for money and has been voted the UK’s most trusted brand. From these foundations, M&S is reshaping for sustainable profitable growth and value creation.

We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands.