Jefferies Financial Group Cuts Marks and Spencer Group (MKS) Price Target to GBX 255

Marks and Spencer Group (LON:MKS) had its price objective lowered by Jefferies Financial Group from GBX 280 ($3.66) to GBX 255 ($3.33) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a hold rating on the retailer’s stock.

MKS has been the topic of several other reports. Credit Suisse Group lowered shares of Marks and Spencer Group to an underperform rating and cut their target price for the stock from GBX 315 ($4.12) to GBX 250 ($3.27) in a research note on Thursday, April 11th. Societe Generale cut their target price on shares of Marks and Spencer Group from GBX 301 ($3.93) to GBX 230 ($3.01) and set a sell rating on the stock in a research note on Tuesday, April 9th. Barclays cut their target price on shares of Marks and Spencer Group from GBX 370 ($4.83) to GBX 335 ($4.38) and set an overweight rating on the stock in a research note on Tuesday, March 5th. Peel Hunt reissued a buy rating on shares of Marks and Spencer Group in a research note on Wednesday, February 27th. Finally, Liberum Capital reissued a sell rating on shares of Marks and Spencer Group in a research note on Monday, February 4th. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 260.17 ($3.40).

Shares of LON MKS opened at GBX 246.30 ($3.22) on Thursday. The firm has a market cap of $4.00 billion and a P/E ratio of 136.83. Marks and Spencer Group has a 12-month low of GBX 240 ($3.14) and a 12-month high of GBX 316.60 ($4.14). The company has a debt-to-equity ratio of 62.77, a quick ratio of 0.26 and a current ratio of 0.73.

The firm also recently disclosed a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, May 30th will be issued a dividend of GBX 7.10 ($0.09) per share. This is an increase from Marks and Spencer Group’s previous dividend of $6.80. The ex-dividend date is Thursday, May 30th. This represents a yield of 2.62%. Marks and Spencer Group’s dividend payout ratio is presently 10.56%.

In other Marks and Spencer Group news, insider Katie Bickerstaffe acquired 2,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were purchased at an average price of GBX 249 ($3.25) per share, for a total transaction of £4,980 ($6,507.25).

About Marks and Spencer Group

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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