Marks and Spencer Group’s (MKS) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Marks and Spencer Group (LON:MKS) in a research note published on Wednesday. Royal Bank of Canada currently has a GBX 330 ($4.31) price target on the retailer’s stock.

A number of other analysts also recently issued reports on the company. Liberum Capital reaffirmed a sell rating on shares of Marks and Spencer Group in a research note on Wednesday, October 3rd. Barclays reaffirmed an overweight rating on shares of Marks and Spencer Group in a research note on Monday, October 15th. Credit Suisse Group reaffirmed a neutral rating on shares of Marks and Spencer Group in a research note on Wednesday, September 5th. Shore Capital reaffirmed a hold rating on shares of Marks and Spencer Group in a research note on Tuesday, October 9th. Finally, HSBC reaffirmed a hold rating on shares of Marks and Spencer Group in a research note on Monday, August 13th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 314.47 ($4.11).

MKS stock traded up GBX 0.40 ($0.01) during midday trading on Wednesday, reaching GBX 312.70 ($4.09). The stock had a trading volume of 17,425,428 shares, compared to its average volume of 7,590,000. Marks and Spencer Group has a 52-week low of GBX 274.30 ($3.58) and a 52-week high of GBX 397.80 ($5.20).

The firm also recently disclosed a dividend, which will be paid on Friday, January 11th. Investors of record on Thursday, November 15th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, November 15th.

In related news, insider Steve Rowe sold 38,178 shares of the firm’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of GBX 283 ($3.70), for a total transaction of £108,043.74 ($141,178.28).

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.

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

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