Today, HSBC Reaffirmed Buy Rating for Marks and Spencer Group Plc (MKS)

Today, HSBC Reaffirmed Buy Rating for Marks and Spencer Group Plc (MKS)

Marks and Spencer Group Plc (LON:MKS)‘s stock had its “buy” rating restated by HSBC in a report released on Tuesday. They presently have a GBX 465 ($5.81) target price on the retailer’s stock. HSBC’s price target indicates a potential upside of 38.72% from the stock’s current price.

Several other equities analysts have also issued reports on MKS. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 285 ($3.56) price target on shares of Marks and Spencer Group Plc in a research note on Monday, July 11th. Royal Bank Of Canada reiterated a ” outperform” rating and issued a GBX 525 ($6.56) price target on shares of Marks and Spencer Group Plc in a research note on Monday, July 11th. Liberum Capital reiterated a “sell” rating and issued a GBX 250 ($3.12) price target on shares of Marks and Spencer Group Plc in a research note on Tuesday, July 12th. Barclays PLC lowered Marks and Spencer Group Plc to an “underweight” rating and decreased their price target for the company from GBX 410 ($5.12) to GBX 290 ($3.62) in a research note on Friday, July 22nd. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Wednesday, July 27th. Ten equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 388.52 ($4.85).

Marks and Spencer Group Plc (LON:MKS) traded down 0.24% during trading on Tuesday, reaching GBX 335.20. The company’s stock had a trading volume of 3,217,125 shares. The stock’s market cap is GBX 5.44 billion. Marks and Spencer Group Plc has a 52-week low of GBX 255.10 and a 52-week high of GBX 515.00. The firm has a 50 day moving average price of GBX 334.26 and a 200-day moving average price of GBX 344.05.

The firm also recently announced a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, November 17th will be issued a GBX 6.80 ($0.08) dividend. This represents a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, November 17th.

In other news, insider Patrick Bousquet Chavanne acquired 2,700 shares of Marks and Spencer Group Plc stock in a transaction on Tuesday, November 15th. The stock was acquired at an average cost of GBX 342 ($4.27) per share, with a total value of £9,234 ($11,536.73).

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