Marks and Spencer Group Plc (MKS) PT Raised to GBX 375 at Canaccord Genuity

Marks and Spencer Group Plc (MKS) PT Raised to GBX 375 at Canaccord Genuity

A number of other research analysts have also weighed in on the company. Barclays PLC increased their price objective on Marks and Spencer Group Plc from GBX 410 ($5.27) to GBX 425 ($5.46) and gave the company an overweight rating in a report on Thursday, May 25th. Peel Hunt reissued a buy rating and issued a GBX 500 ($6.42) price objective on shares of Marks and Spencer Group Plc in a report on Wednesday, May 24th. Shore Capital reissued a hold rating on shares of Marks and Spencer Group Plc in a report on Wednesday, May 24th. Liberum Capital reissued a sell rating and issued a GBX 250 ($3.21) price objective on shares of Marks and Spencer Group Plc in a report on Wednesday, May 24th. Finally, Jefferies Group LLC increased their price objective on Marks and Spencer Group Plc from GBX 370 ($4.75) to GBX 420 ($5.39) and gave the company a buy rating in a report on Monday, May 22nd. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Marks and Spencer Group Plc presently has an average rating of Hold and an average target price of GBX 381.67 ($4.90).

Marks and Spencer Group Plc (LON:MKS) had its price objective lifted by Canaccord Genuity from GBX 315 ($4.05) to GBX 375 ($4.82) in a research report sent to investors on Thursday morning. Canaccord Genuity currently has a hold rating on the retailer’s stock.

Marks and Spencer Group Plc (LON MKS) opened at 385.70 on Thursday. The stock’s market capitalization is GBX 6.26 billion. The firm has a 50-day moving average price of GBX 370.68 and a 200 day moving average price of GBX 345.75. Marks and Spencer Group Plc has a 12 month low of GBX 255.10 and a 12 month high of GBX 397.80.

The company also recently announced a dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 1st will be issued a dividend of GBX 11.90 ($0.15) per share. The ex-dividend date is Thursday, June 1st. This represents a dividend yield of 3.07%. This is a boost from Marks and Spencer Group Plc’s previous dividend of $6.80.

About Marks and Spencer Group Plc

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:MKS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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