JPMorgan Chase & Co. Reaffirms Underweight Rating for Marks and Spencer Group (MKS)

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JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Marks and Spencer Group (LON:MKS) in a report issued on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 230 ($3.01) target price on the retailer’s stock, down from their previous target price of GBX 250 ($3.27).

Other equities analysts have also issued research reports about the stock. Liberum Capital reaffirmed a sell rating on shares of Marks and Spencer Group in a research report on Tuesday, April 2nd. Barclays reaffirmed an overweight rating and set a GBX 335 ($4.38) price target on shares of Marks and Spencer Group in a research report on Monday, May 13th. Numis Securities reaffirmed a reduce rating on shares of Marks and Spencer Group in a research report on Thursday, May 16th. UBS Group reaffirmed a neutral rating on shares of Marks and Spencer Group in a research report on Friday, May 17th. Finally, Shore Capital reaffirmed a house stock rating on shares of Marks and Spencer Group in a research report on Wednesday, May 22nd. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 260.17 ($3.40).

Shares of MKS stock opened at GBX 246.30 ($3.22) on Thursday. Marks and Spencer Group has a one year low of GBX 240 ($3.14) and a one year high of GBX 316.60 ($4.14). The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 62.77. The company has a market cap of $4.00 billion and a P/E ratio of 136.83.

The firm also recently disclosed a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, May 30th will be given a GBX 7.10 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 2.62%. This is a positive change from Marks and Spencer Group’s previous dividend of $6.80. Marks and Spencer Group’s dividend payout ratio is presently 10.56%.

In other Marks and Spencer Group news, insider Katie Bickerstaffe acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was bought at an average price of GBX 249 ($3.25) per share, with a total value of £4,980 ($6,507.25).

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.

Further Reading: Forex

Analyst Recommendations for Marks and Spencer Group (LON:MKS)

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