Marks and Spencer Group plc (LON:MKS) Receives GBX 327 Consensus Target Price from Brokerages

Shares of Marks and Spencer Group plc (LON:MKS) have been given an average recommendation of “Buy” by the five research firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 327 ($4.15).

Separately, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, November 13th.

Marks and Spencer Group Price Performance

Shares of LON:MKS opened at GBX 370.82 ($4.71) on Wednesday. Marks and Spencer Group has a 12 month low of GBX 229.60 ($2.91) and a 12 month high of GBX 415.30 ($5.27). The stock has a market cap of £7.49 billion, a price-to-earnings ratio of 1,771.43, a PEG ratio of 0.20 and a beta of 1.62. The stock’s 50 day moving average price is GBX 372.90 and its 200 day moving average price is GBX 327.63. The company has a debt-to-equity ratio of 110.71, a current ratio of 0.86 and a quick ratio of 0.42.

Marks and Spencer Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 28th will be issued a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.26%. The ex-dividend date is Thursday, November 28th. Marks and Spencer Group’s dividend payout ratio is currently 1,428.57%.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through: UK Clothing & Home, UK Food, International, Ocado, and All Other segments. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move’ products.