The Marks and Spencer Group Plc (MKS) Price Target Raised to GBX 420

The Marks and Spencer Group Plc (MKS) Price Target Raised to GBX 420

Other equities research analysts have also issued reports about the company. Deutsche Bank AG raised their price objective on Marks and Spencer Group Plc from GBX 350 ($4.50) to GBX 360 ($4.62) and gave the company a hold rating in a research note on Wednesday, May 10th. HSBC Holdings plc lowered their price objective on Marks and Spencer Group Plc from GBX 465 ($5.97) to GBX 435 ($5.59) and set a buy rating for the company in a research note on Wednesday, May 17th. BNP Paribas raised their price objective on Marks and Spencer Group Plc from GBX 250 ($3.21) to GBX 315 ($4.05) and gave the company an underperform rating in a research note on Monday, April 3rd. Barclays PLC began coverage on Marks and Spencer Group Plc in a research note on Friday, April 21st. They issued an overweight rating and a GBX 410 ($5.27) price objective for the company. Finally, Shore Capital reaffirmed a hold rating on shares of Marks and Spencer Group Plc in a research note on Thursday, May 4th. Eight analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Marks and Spencer Group Plc has a consensus rating of Hold and an average target price of GBX 381.67 ($4.90).

Marks and Spencer Group Plc (LON:MKS) had its price target upped by Jefferies Group LLC from GBX 370 ($4.75) to GBX 420 ($5.39) in a research report report published on Monday, May 22nd. They currently have a buy rating on the retailer’s stock.

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

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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