Brokerages Set Marks and Spencer Group plc (LON:MKS) Target Price at GBX 327

Marks and Spencer Group plc (LON:MKS) has been given a consensus recommendation of “Buy” by the five research firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 327 ($4.18).

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

Marks and Spencer Group Stock Performance

Shares of MKS opened at GBX 390.70 ($4.99) on Friday. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 110.71. The stock has a market cap of £7.89 billion, a P/E ratio of 1,860.48, a PEG ratio of 0.20 and a beta of 1.62. The company has a 50-day moving average of GBX 379.84 and a two-hundred day moving average of GBX 340.27. Marks and Spencer Group has a 12-month low of GBX 229.60 ($2.93) and a 12-month high of GBX 415.30 ($5.31).

Marks and Spencer Group Cuts Dividend

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

Marks and Spencer Group Company Profile

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.