Today, Peel Hunt Reaffirmed “Buy” Rating for Marks and Spencer Group Plc (MKS)

Today, Peel Hunt Reaffirmed “Buy” Rating for Marks and Spencer Group Plc (MKS)

Marks and Spencer Group Plc (LON:MKS)‘s stock had its “buy” rating reissued by Peel Hunt in a research note issued to investors on Tuesday. They presently have a GBX 500 ($6.25) price objective on the retailer’s stock. Peel Hunt’s target price would suggest a potential upside of 49.16% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. HSBC restated a “buy” rating and set a GBX 445 ($5.56) price target on shares of Marks and Spencer Group Plc in a report on Wednesday, August 10th. Royal Bank Of Canada restated a ” outperform” rating and set a GBX 525 ($6.56) price target on shares of Marks and Spencer Group Plc in a report on Monday, July 11th. Deutsche Bank AG restated a “hold” rating on shares of Marks and Spencer Group Plc in a report on Wednesday, August 3rd. Shore Capital restated a “buy” rating on shares of Marks and Spencer Group Plc in a report on Tuesday, September 6th. Finally, Investec restated a “hold” rating and set a GBX 315 ($3.94) price target on shares of Marks and Spencer Group Plc in a report on Monday, November 7th. Ten research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 388.52 ($4.85).

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

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

In other Marks and Spencer Group Plc news, insider Patrick Bousquet Chavanne acquired 2,000 shares of Marks and Spencer Group Plc stock in a transaction on Monday, November 14th. The shares were purchased at an average cost of GBX 336 ($4.20) per share, with a total value of £6,720 ($8,395.80).

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