Marks and Spencer Group (MKS) Receives “Sell” Rating from Liberum Capital
Liberum Capital reissued their sell rating on shares of Marks and Spencer Group (LON:MKS) in a report published on Thursday. Liberum Capital currently has a GBX 250 ($3.39) price objective on the retailer’s stock.
A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 285 ($3.86) price objective on shares of Marks and Spencer Group in a research note on Tuesday, October 31st. Barclays reaffirmed an overweight rating and issued a GBX 370 ($5.02) price objective on shares of Marks and Spencer Group in a research note on Thursday, November 9th. Deutsche Bank reaffirmed a hold rating and issued a GBX 335 ($4.54) price objective on shares of Marks and Spencer Group in a research note on Wednesday, November 15th. Peel Hunt reaffirmed a buy rating and issued a GBX 450 ($6.10) price objective on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. Finally, Jefferies Group reaffirmed a buy rating and issued a GBX 370 ($5.02) price objective on shares of Marks and Spencer Group in a research note on Thursday, December 14th. Nine equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Marks and Spencer Group currently has an average rating of Hold and a consensus price target of GBX 339.33 ($4.60).
Shares of Marks and Spencer Group (LON:MKS) traded up GBX 8 ($0.11) during mid-day trading on Thursday, reaching GBX 309.20 ($4.19). 20,047,992 shares of the company’s stock were exchanged, compared to its average volume of 8,350,000. Marks and Spencer Group has a 1 year low of GBX 296.30 ($4.02) and a 1 year high of GBX 397.80 ($5.39). The company has a market capitalization of $5,020.00 and a PE ratio of 2,810.91.
The company also recently declared a dividend, which was paid on Friday, January 12th. Stockholders of record on Thursday, November 16th were given a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a dividend yield of 2.13%.
In other news, insider Archie Norman purchased 33,000 shares of Marks and Spencer Group stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average cost of GBX 300 ($4.07) per share, with a total value of £99,000 ($134,255.49).
About Marks and Spencer Group
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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