Marks and Spencer Group plc (LON:MKS) Given Average Rating of “Buy” by Brokerages

Marks and Spencer Group plc (LON:MKS) has earned a consensus recommendation of “Buy” from the five research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 327 ($4.04).

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

Marks and Spencer Group Trading Down 6.1 %

Shares of Marks and Spencer Group stock opened at GBX 353.89 ($4.37) on Thursday. The stock has a market cap of £7.15 billion, a P/E ratio of 1,685.19, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 110.71. Marks and Spencer Group has a 12-month low of GBX 229.60 ($2.84) and a 12-month high of GBX 415.30 ($5.13). The business’s 50 day moving average is GBX 382.07 and its 200-day moving average is GBX 352.32.

Marks and Spencer Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 28th will be paid a GBX 1 ($0.01) dividend. This represents a yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 28th. 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.