Marks and Spencer Group plc (LON:MKS) Receives Average Recommendation of “Buy” from Analysts

Shares of Marks and Spencer Group plc (LON:MKS) have received an average recommendation of “Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 327 ($4.08).

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 Trading Up 0.7 %

Shares of MKS opened at GBX 323.84 ($4.04) on Monday. Marks and Spencer Group has a 1-year low of GBX 229.60 ($2.86) and a 1-year high of GBX 415.30 ($5.18). 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 50 day simple moving average of GBX 371.68 and a 200-day simple moving average of GBX 355.74. The stock has a market cap of £6.54 billion, a price-to-earnings ratio of 1,542.07, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62.

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

Marks and Spencer Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 10th. Investors of record on Thursday, November 28th were given 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 dividend payout ratio 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.