Marks and Spencer Group (LON:MKS) Stock Rating Reaffirmed by Shore Capital

Shore Capital restated their house stock rating on shares of Marks and Spencer Group (LON:MKS) in a research note issued to investors on Wednesday morning, MarketBeat.com reports.

Several other research firms have also recently commented on MKS. Jefferies Financial Group upgraded Marks and Spencer Group to a buy rating and set a GBX 310 ($3.94) target price for the company in a research report on Monday, April 22nd. Royal Bank of Canada reaffirmed an overweight rating and issued a GBX 315 ($4.00) target price on shares of Marks and Spencer Group in a research note on Wednesday, May 15th. JPMorgan Chase & Co. raised their target price on shares of Marks and Spencer Group from GBX 260 ($3.30) to GBX 330 ($4.19) and gave the company an overweight rating in a research note on Thursday, April 11th. Finally, Barclays reissued an overweight rating and issued a GBX 300 ($3.81) price target on shares of Marks and Spencer Group in a report on Tuesday, February 6th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of Buy and an average price target of GBX 322.50 ($4.10).

Marks and Spencer Group Stock Up 2.3 %

Shares of LON:MKS opened at GBX 299.20 ($3.80) on Wednesday. The firm has a fifty day moving average price of GBX 262.21 and a two-hundred day moving average price of GBX 256.68. The company has a market cap of £6.13 billion, a price-to-earnings ratio of 1,424.76, a PEG ratio of 0.20 and a beta of 1.58. The company has a debt-to-equity ratio of 115.61, a current ratio of 0.80 and a quick ratio of 0.42. Marks and Spencer Group has a one year low of GBX 177.40 ($2.25) and a one year high of GBX 300.02 ($3.81).

Marks and Spencer Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, May 30th will be paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, May 30th. This is an increase from Marks and Spencer Group’s previous dividend of $1.00. This represents a dividend yield of 0.73%. Marks and Spencer Group’s dividend payout ratio (DPR) is 1,428.57%.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.