Barclays Trims Marks and Spencer Group (MKS) Target Price to GBX 320

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Marks and Spencer Group (LON:MKS) had its price objective decreased by Barclays from GBX 335 ($4.38) to GBX 320 ($4.18) in a research note released on Thursday, ThisIsMoney.Co.Uk reports. Barclays currently has an overweight rating on the retailer’s stock.

A number of other equities analysts have also recently commented on the company. Citigroup reiterated a buy rating and issued a GBX 330 ($4.31) target price on shares of Marks and Spencer Group in a report on Monday, May 13th. Peel Hunt reiterated a buy rating on shares of Marks and Spencer Group in a report on Wednesday, February 27th. Jefferies Financial Group cut Marks and Spencer Group to a hold rating and dropped their target price for the stock from GBX 310 ($4.05) to GBX 280 ($3.66) in a report on Tuesday, April 9th. Shore Capital reiterated a house stock rating on shares of Marks and Spencer Group in a report on Wednesday. Finally, UBS Group reiterated a neutral rating on shares of Marks and Spencer Group in a report on Friday, May 17th. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Marks and Spencer Group currently has a consensus rating of Hold and an average target price of GBX 265.15 ($3.46).

LON MKS traded up GBX 6.20 ($0.08) during trading on Thursday, hitting GBX 249.30 ($3.26). 7,332,074 shares of the stock traded hands, compared to its average volume of 7,590,000. The stock has a market capitalization of $4.05 billion and a PE ratio of 138.50. The company has a debt-to-equity ratio of 62.77, a current ratio of 0.73 and a quick ratio of 0.26. Marks and Spencer Group has a 12-month low of GBX 240 ($3.14) and a 12-month high of GBX 316.60 ($4.14).

The business also recently announced a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, May 30th will be issued a GBX 7.10 ($0.09) dividend. This is a boost from Marks and Spencer Group’s previous dividend of $6.80. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 2.62%. Marks and Spencer Group’s payout ratio is 10.56%.

In related news, insider Katie Bickerstaffe bought 2,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of GBX 249 ($3.25) per share, for a total transaction of £4,980 ($6,507.25).

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.

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Analyst Recommendations for Marks and Spencer Group (LON:MKS)

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