Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Marks and Spencer Group (LON:MKS – Free Report) in a research note published on Friday, MarketBeat reports. They currently have a GBX 350 ($4.43) price objective on the retailer’s stock.
Several other brokerages also recently commented on MKS. Jefferies Financial Group upgraded shares of Marks and Spencer Group to a buy rating and set a GBX 310 ($3.92) target price on the stock in a report on Monday, April 22nd. Shore Capital reissued a house stock rating on shares of Marks and Spencer Group in a research note on Thursday, May 30th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 360 ($4.55) target price on shares of Marks and Spencer Group in a research note on Thursday, May 23rd. Finally, Royal Bank of Canada restated an overweight rating and issued a GBX 315 ($3.98) price target on shares of Marks and Spencer Group in a research report on Wednesday, May 15th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of Buy and an average target price of GBX 322.50 ($4.08).
Check Out Our Latest Analysis on Marks and Spencer Group
Marks and Spencer Group Stock Up 0.7 %
Marks and Spencer Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 30th will be issued a GBX 2 ($0.03) dividend. This is a positive change from Marks and Spencer Group’s previous dividend of $1.00. This represents a yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 30th. 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 five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. 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.
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