Sanford C. Bernstein Reiterates “Underperform” Rating for Marks and Spencer Group Plc (MKS)
Marks and Spencer Group Plc (LON:MKS)‘s stock had its “underperform” rating reaffirmed by research analysts at Sanford C. Bernstein in a report released on Tuesday. They currently have a GBX 400 ($6.72) price objective on the stock. Sanford C. Bernstein’s price target would indicate a potential downside of 11.91% from the company’s current price.
Shares of Marks and Spencer Group Plc (LON:MKS) opened at 453.30 on Tuesday. Marks and Spencer Group Plc has a 52 week low of GBX 359.20 and a 52 week high of GBX 520.50. The stock has a 50-day moving average of GBX 447.1 and a 200-day moving average of GBX 463.1. The company’s market cap is £7.344 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of GBX 10.80 ($0.18) per share. This represents a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, May 28th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Shore Capital reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Wednesday, May 28th. They now have a GBX 448 ($7.53) price target on the stock. Separately, analysts at Grupo Santander reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Thursday, May 22nd. They now have a GBX 446 ($7.50) price target on the stock. Finally, analysts at BNP Paribas cut their price target on shares of Marks and Spencer Group Plc from GBX 570 ($9.58) to GBX 540 ($9.08) in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 484.07 ($8.14).
Marks and Spencer Group plc is a United Kingdom retailer. The Company is the holding company of the Marks & Spencer Group of companies.
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