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

Marks and Spencer Group plc (LON:MKS) has been assigned an average recommendation of “Buy” from the five analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 327 ($4.07).

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, December 11th.

Marks and Spencer Group Price Performance

Shares of MKS opened at GBX 330.64 ($4.12) on Monday. The company’s 50-day moving average is GBX 369.06 and its 200-day moving average is GBX 356.55. The company has a debt-to-equity ratio of 110.71, a current ratio of 0.86 and a quick ratio of 0.42. The firm has a market capitalization of £6.68 billion, a PE ratio of 1,574.48, a PEG ratio of 0.20 and a beta of 1.62. Marks and Spencer Group has a fifty-two week low of GBX 229.60 ($2.86) and a fifty-two week high of GBX 415.30 ($5.17).

Marks and Spencer Group (LON:MKS) last announced its earnings results on Wednesday, November 6th. The retailer reported GBX 14.70 ($0.18) earnings per share (EPS) for the quarter. Marks and Spencer Group had a net margin of 3.31% and a return on equity of 15.43%. Equities analysts forecast that Marks and Spencer Group will post 26.0113154 EPS for the current year.

Marks and Spencer Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 28th were paid a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, November 28th. This represents a dividend yield of 0.26%. Marks and Spencer Group’s payout ratio is presently 1,428.57%.

Marks and Spencer Group Company Profile

M&S has a heritage of quality, innovation and value for money and has been voted the UK’s most trusted brand. From these foundations, M&S is reshaping for sustainable profitable growth and value creation.

We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands.