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

Marks and Spencer Group plc (LON:MKS) has earned an average recommendation of “Buy” from the five brokerages that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 327 ($4.21).

Separately, Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday.

Marks and Spencer Group Stock Down 0.2 %

Shares of MKS traded down GBX 0.72 ($0.01) during mid-day trading on Wednesday, reaching GBX 364.48 ($4.69). 7,264,002 shares of the stock traded hands, compared to its average volume of 13,442,491. The firm has a market cap of £7.36 billion, a price-to-earnings ratio of 1,745.11, a P/E/G ratio of 0.20 and a beta of 1.62. The stock has a fifty day simple moving average of GBX 370.74 and a 200 day simple moving average of GBX 324.54. Marks and Spencer Group has a 12-month low of GBX 229.60 ($2.95) and a 12-month high of GBX 415.30 ($5.34). 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 Cuts Dividend

The business 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. 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

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.