Marks and Spencer Group plc (LON:MKS) Receives Average Recommendation of “Buy” from Brokerages

Shares of Marks and Spencer Group plc (LON:MKS) have been assigned an average rating of “Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 327 ($4.04).

Separately, Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, December 11th.

Marks and Spencer Group Trading Down 6.1 %

Shares of MKS stock opened at GBX 353.89 ($4.37) on Thursday. The stock has a market cap of £7.15 billion, a P/E ratio of 1,685.19, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. Marks and Spencer Group has a 1 year low of GBX 229.60 ($2.84) and a 1 year high of GBX 415.30 ($5.13). The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 110.71. The stock has a 50 day simple moving average of GBX 382.07 and a 200 day simple moving average of GBX 352.32.

Marks and Spencer Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 28th will be issued a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.26%. The ex-dividend date is Thursday, November 28th. Marks and Spencer Group’s dividend payout ratio is presently 1,428.57%.

Marks and Spencer Group Company Profile

M&S has a heritage of quality, innovation and value for money and has been voted the UK’s most trusted brand. From these foundations, M&S is reshaping for sustainable profitable growth and value creation.

We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands.