Marks and Spencer Group Plc Receives Underperform Rating from Sanford C. Bernstein (MKS)

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Sanford C. Bernstein reiterated their underperform rating on shares of Marks and Spencer Group Plc (LON:MKS) in a research note released on Friday morning. They currently have a GBX 400 ($6.71) target price on the stock.

Several other analysts have also recently commented on 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 ($7.51) 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 ($7.48) 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 ($9.56) to GBX 540 ($9.05) in a research note on Wednesday, May 21st. They now have an outperform rating on the stock. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 484.07 ($8.12).

Marks and Spencer Group Plc (LON:MKS) traded up 0.24% during mid-day trading on Friday, hitting GBX 450.30. The stock had a trading volume of 2,289,608 shares. 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’s 50-day moving average is GBX 443.4 and its 200-day moving average is GBX 465.5. The company’s market cap is £7.296 billion.

The company also recently declared a dividend, which is scheduled for Friday, July 11th. Stockholders 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.

Marks and Spencer Group plc is a United Kingdom retailer. The Company is the holding company of the Marks & Spencer Group of companies.

To view Sanford C. Bernstein’s full report, visit Sanford C. Bernstein’s official website.

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