Marks and Spencer Group plc (LON:MKS) Receives Consensus Rating of “Buy” from Brokerages

Marks and Spencer Group plc (LON:MKS) has received an average rating of “Buy” from the five analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 327 ($4.09).

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

Marks and Spencer Group Stock Performance

Shares of MKS opened at GBX 380.80 ($4.76) on Thursday. Marks and Spencer Group has a 52-week low of GBX 229.60 ($2.87) and a 52-week high of GBX 415.30 ($5.20). The stock’s 50-day simple moving average is GBX 381.66 and its 200 day simple moving average is GBX 349.47. 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 stock has a market capitalization of £7.69 billion, a price-to-earnings ratio of 1,813.34, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group Cuts Dividend

The firm 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 is Thursday, November 28th. This represents a dividend yield of 0.26%. Marks and Spencer Group’s dividend payout ratio (DPR) is presently 1,428.57%.

About Marks and Spencer Group

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.