The Marks and Spencer Group Plc (MKS) PT Raised to GBX 330

The Marks and Spencer Group Plc (MKS) PT Raised to GBX 330

Marks and Spencer Group Plc (LON:MKS) had its target price increased by stock analysts at Goldman Sachs Group Inc. from GBX 315 ($3.94) to GBX 330 ($4.12) in a report released on Monday. The firm presently has a “sell” rating on the retailer’s stock. Goldman Sachs Group Inc.’s price target would indicate a potential downside of 1.55% from the stock’s current price.

A number of other brokerages also recently issued reports on MKS. Numis Securities Ltd restated a “hold” rating and issued a GBX 360 ($4.50) price target on shares of Marks and Spencer Group Plc in a research report on Thursday, September 8th. BNP Paribas reiterated an “underperform” rating and set a GBX 290 ($3.62) target price on shares of Marks and Spencer Group Plc in a research report on Monday, October 3rd. Beaufort Securities reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research report on Wednesday, November 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Marks and Spencer Group Plc in a research report on Monday, August 1st. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research report on Wednesday, August 31st. 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. Marks and Spencer Group Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 389.12 ($4.86).

Marks and Spencer Group Plc (LON:MKS) opened at 334.90 on Monday. Marks and Spencer Group Plc has a 52 week low of GBX 255.10 and a 52 week high of GBX 515.00. The company has a 50-day moving average of GBX 334.26 and a 200-day moving average of GBX 344.05. The company’s market cap is GBX 5.43 billion.

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

In other Marks and Spencer Group Plc news, insider Patrick Bousquet Chavanne bought 2,000 shares of Marks and Spencer Group Plc stock in a transaction dated Monday, November 14th. The stock was acquired 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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