Marks and Spencer Group plc (LON:MKS) Given Average Rating of “Buy” by Brokerages

Marks and Spencer Group plc (LON:MKS) has been given an average rating of “Buy” by the five ratings firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 327 ($4.15).

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday.

Marks and Spencer Group Trading Up 1.0 %

MKS stock opened at GBX 390.20 ($4.95) on Friday. Marks and Spencer Group has a 12-month low of GBX 229.60 ($2.91) and a 12-month high of GBX 415.30 ($5.26). The business’s 50-day moving average is GBX 380.44 and its 200 day moving average is GBX 341.39. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 110.71. The stock has a market cap of £7.88 billion, a price-to-earnings ratio of 1,858.10, a PEG ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 28th will be paid a GBX 1 ($0.01) dividend. This represents a yield of 0.26%. The ex-dividend date is Thursday, November 28th. Marks and Spencer Group’s dividend payout ratio (DPR) is 1,428.57%.

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It operates through: UK Clothing & Home, UK Food, International, Ocado, and All Other segments. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move’ products.