Marks and Spencer Group (LON:MKS) Receives House Stock Rating from Shore Capital

Shore Capital reiterated their house stock rating on shares of Marks and Spencer Group (LON:MKS) in a research note published on Wednesday morning, Marketbeat reports.

Marks and Spencer Group Stock Performance

Shares of MKS opened at GBX 368.56 ($4.64) on Wednesday. Marks and Spencer Group has a one year low of GBX 229.60 ($2.89) and a one year high of GBX 415.30 ($5.23). The company has a market cap of £7.44 billion, a PE ratio of 1,755.06, a P/E/G ratio of 0.20 and a beta of 1.62. The stock has a 50-day moving average of GBX 371.84 and a 200-day moving average of GBX 325.63. The company has a debt-to-equity ratio of 110.71, a current ratio of 0.86 and a quick ratio of 0.42.

Marks and Spencer Group Cuts Dividend

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

About Marks and Spencer Group

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.