Royal Bank of Canada Reaffirms “Sector Perform” Rating for Marks and Spencer Group (MKS)

Royal Bank of Canada reiterated their sector perform rating on shares of Marks and Spencer Group (LON:MKS) in a report issued on Thursday. They currently have a GBX 300 ($3.92) price target on the retailer’s stock.

Several other equities analysts have also issued reports on MKS. Shore Capital reissued a house stock rating on shares of Marks and Spencer Group in a report on Thursday. HSBC reaffirmed a hold rating on shares of Marks and Spencer Group in a research note on Thursday. Jefferies Financial Group reduced their target price on shares of Marks and Spencer Group from GBX 370 ($4.83) to GBX 310 ($4.05) and set a buy rating for the company in a research note on Friday, January 4th. UBS Group reaffirmed a neutral rating on shares of Marks and Spencer Group in a research note on Friday, November 2nd. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 250 ($3.27) target price on shares of Marks and Spencer Group in a research note on Wednesday, November 7th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 301.73 ($3.94).

Shares of MKS stock traded up GBX 1.60 ($0.02) on Thursday, hitting GBX 276.10 ($3.61). The stock had a trading volume of 8,907,197 shares, compared to its average volume of 7,590,000. Marks and Spencer Group has a twelve month low of GBX 274.30 ($3.58) and a twelve month high of GBX 397.80 ($5.20).



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

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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