The Marks and Spencer Group Plc’s (MKS) Buy Rating Reaffirmed at Haitong Bank

The Marks and Spencer Group Plc’s (MKS) Buy Rating Reaffirmed at Haitong Bank

Haitong Bank reissued their buy rating on shares of Marks and Spencer Group Plc (LON:MKS) in a research report sent to investors on Wednesday morning. They currently have a GBX 375 ($4.52) target price on the retailer’s stock.

MKS has been the subject of several other reports. Investec reaffirmed a hold rating and set a GBX 315 ($3.80) target price on shares of Marks and Spencer Group Plc in a research report on Monday, November 7th. Royal Bank Of Canada reaffirmed an outperform rating and set a GBX 375 ($4.52) target price on shares of Marks and Spencer Group Plc in a research report on Thursday, January 12th. Peel Hunt reaffirmed a buy rating and set a GBX 500 ($6.03) target price on shares of Marks and Spencer Group Plc in a research report on Thursday, January 12th. Deutsche Bank AG reissued a hold rating and issued a GBX 350 ($4.22) price objective on shares of Marks and Spencer Group Plc in a research report on Tuesday, January 3rd. Finally, HSBC reissued a buy rating and issued a GBX 465 ($5.61) price objective on shares of Marks and Spencer Group Plc in a research report on Friday, January 13th. Eleven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 378.67 ($4.57).

Marks and Spencer Group Plc (LON:MKS) opened at 343.40 on Wednesday. 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’s market capitalization is GBX 5.57 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 company also recently declared a dividend, which was paid on Friday, January 13th. Stockholders 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 news, insider Patrick Bousquet Chavanne purchased 2,700 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were purchased at an average price of GBX 342 ($4.13) per share, with a total value of £9,234 ($11,140.07).

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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