The HSBC Reiterates Buy Rating for Marks and Spencer Group Plc (MKS)

The HSBC Reiterates Buy Rating for Marks and Spencer Group Plc (MKS)

HSBC reiterated their buy rating on shares of Marks and Spencer Group Plc (LON:MKS) in a research report report published on Friday. HSBC currently has a GBX 465 ($5.61) price target on the retailer’s stock.

Several other brokerages also recently commented on MKS. Beaufort Securities reaffirmed a hold rating on shares of Marks and Spencer Group Plc in a research report on Wednesday, November 9th. BNP Paribas reaffirmed an underperform rating and issued a GBX 290 ($3.50) price target on shares of Marks and Spencer Group Plc in a research report on Monday, October 3rd. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 350 ($4.22) price target on shares of Marks and Spencer Group Plc in a research report on Friday, January 13th. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 285 ($3.44) price target on shares of Marks and Spencer Group Plc in a research report on Thursday, October 27th. Finally, Royal Bank Of Canada reaffirmed an outperform rating and issued a GBX 375 ($4.52) price target on shares of Marks and Spencer Group Plc in a research report on Tuesday, November 8th. Eleven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 378.67 ($4.57).

Shares of Marks and Spencer Group Plc (LON:MKS) opened at 342.60 on Friday. The company’s market capitalization is GBX 5.56 billion. Marks and Spencer Group Plc has a 1-year low of GBX 255.10 and a 1-year high of GBX 448.00. The firm has a 50-day moving average price of GBX 342.70 and a 200-day moving average price of GBX 334.02.

The firm also recently declared a dividend, which was paid on Friday, January 13th. Shareholders of record on Thursday, November 17th were issued a GBX 6.80 ($0.08) dividend. The ex-dividend date was Thursday, November 17th. This represents a dividend yield of 2.05%.

In other Marks and Spencer Group Plc news, insider Patrick Bousquet Chavanne purchased 2,000 shares of the stock in a transaction on Monday, November 14th. The stock was bought at an average cost of GBX 336 ($4.05) per share, for a total transaction of £6,720 ($8,107.13).

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.

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