Marks and Spencer Group Plc (MKS) Price Target Raised to GBX 330
Marks and Spencer Group Plc (LON:MKS) had its price target lifted by Goldman Sachs Group Inc. from GBX 315 ($3.91) to GBX 330 ($4.09) in a report published on Monday. Goldman Sachs Group Inc. currently has a sell rating on the retailer’s stock.
A number of other equities analysts have also recently commented on MKS. Numis Securities Ltd reaffirmed a hold rating and set a GBX 360 ($4.47) price target on shares of Marks and Spencer Group Plc in a research note on Thursday, September 8th. Canaccord Genuity reissued a hold rating and issued a GBX 330 ($4.09) price objective on shares of Marks and Spencer Group Plc in a research report on Tuesday, November 8th. BNP Paribas boosted their price objective on shares of Marks and Spencer Group Plc from GBX 310 ($3.85) to GBX 320 ($3.97) and gave the company an underperform rating in a research report on Friday, September 9th. Peel Hunt reissued a buy rating and issued a GBX 500 ($6.20) price objective on shares of Marks and Spencer Group Plc in a research report on Tuesday, November 8th. Finally, Beaufort Securities reissued a hold rating on shares of Marks and Spencer Group Plc in a research report on Wednesday, November 9th. Eleven analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Marks and Spencer Group Plc has an average rating of Hold and a consensus target price of GBX 388.12 ($4.81).
Shares of Marks and Spencer Group Plc (LON:MKS) opened at 324.20 on Monday. Marks and Spencer Group Plc has a 12 month low of GBX 255.10 and a 12 month high of GBX 515.00. The company’s market cap is GBX 5.26 billion. The company’s 50 day moving average is GBX 334.72 and its 200 day moving average is GBX 342.39.
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The company also recently declared a dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, November 17th will be issued a dividend of GBX 6.80 ($0.08) per share. This represents a yield of 2.05%. The ex-dividend date of this dividend is Thursday, November 17th.
In other news, insider Patrick Bousquet Chavanne purchased 2,000 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were purchased at an average cost of GBX 336 ($4.17) per share, with a total value of £6,720 ($8,336.43).
Marks and Spencer Group Plc Company Profile
Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.
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