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

Shares of Marks and Spencer Group plc (LON:MKS) have been given a consensus recommendation of “Buy” by the five brokerages that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 327 ($4.12).

Separately, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday.

Marks and Spencer Group Stock Up 0.3 %

Shares of MKS opened at GBX 368.56 ($4.64) on Wednesday. The company has a debt-to-equity ratio of 110.71, a quick ratio of 0.42 and a current ratio of 0.86. Marks and Spencer Group has a one year low of GBX 229.60 ($2.89) and a one year high of GBX 415.30 ($5.23). The stock has a market capitalization of £7.44 billion, a price-to-earnings ratio of 1,755.06, a PEG ratio of 0.20 and a beta of 1.62. The stock has a 50 day moving average price of GBX 371.84 and a 200 day moving average price of GBX 325.15.

Marks and Spencer Group Cuts Dividend

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