Marks and Spencer Group plc (LON:MKS) Given Consensus Recommendation of “Buy” by Analysts

Marks and Spencer Group plc (LON:MKS) has been given an average recommendation of “Buy” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 327 ($4.12).

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 Up 0.3 %

Shares of LON MKS opened at GBX 368.56 ($4.64) on Wednesday. The firm’s 50 day moving average price is GBX 371.84 and its 200 day moving average price is GBX 326.07. The company has a debt-to-equity ratio of 110.71, a quick ratio of 0.42 and a current ratio of 0.86. The firm has a market cap of £7.44 billion, a P/E ratio of 1,755.06, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. Marks and Spencer Group has a 1 year low of GBX 229.60 ($2.89) and a 1 year high of GBX 415.30 ($5.23).

Marks and Spencer Group Cuts Dividend

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