Societe Generale downgraded shares of Marks and Spencer Group Plc (LON:MKS) to a sell rating in a research report released on Wednesday. They currently have GBX 301 ($3.90) target price on the retailer’s stock, down from their prior target price of GBX 376 ($4.87).

A number of other brokerages have also issued reports on MKS. Goldman Sachs Group, Inc. (The) reissued a sell rating and issued a GBX 357 ($4.62) price target on shares of Marks and Spencer Group Plc in a research note on Tuesday, July 4th. Jefferies Group LLC reissued a buy rating and issued a GBX 420 ($5.44) price target on shares of Marks and Spencer Group Plc in a research note on Monday, July 3rd. HSBC Holdings plc reissued a buy rating and issued a GBX 435 ($5.63) price target on shares of Marks and Spencer Group Plc in a research note on Friday, May 26th. Morgan Stanley reissued an overweight rating and issued a GBX 460 ($5.96) price target on shares of Marks and Spencer Group Plc in a research note on Monday, April 24th. Finally, Deutsche Bank AG reissued a hold rating and issued a GBX 360 ($4.66) price target on shares of Marks and Spencer Group Plc in a research note on Friday, July 7th. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 369.91 ($4.79).

Shares of Marks and Spencer Group Plc (LON MKS) opened at 327.50 on Wednesday. The stock’s market capitalization is GBX 5.31 billion. Marks and Spencer Group Plc has a one year low of GBX 307.00 and a one year high of GBX 397.80. The company has a 50-day moving average of GBX 365.58 and a 200 day moving average of GBX 348.93.

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The company also recently declared a dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 1st were issued a GBX 11.90 ($0.15) dividend. This represents a dividend yield of 3.07%. This is an increase from Marks and Spencer Group Plc’s previous dividend of $6.80. The ex-dividend date of this dividend was Thursday, June 1st.

Marks and Spencer Group Plc Company Profile

Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.

Analyst Recommendations for Marks and Spencer Group Plc (LON:MKS)

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