Deutsche Bank Aktiengesellschaft Boosts Marks and Spencer Group (LON:MKS) Price Target to GBX 350

Marks and Spencer Group (LON:MKS) had its price target increased by Deutsche Bank Aktiengesellschaft from GBX 315 ($4.00) to GBX 350 ($4.45) in a research report released on Thursday, MarketBeat.com reports. They currently have a buy rating on the retailer’s stock.

A number of other equities analysts also recently commented on MKS. Barclays reissued an overweight rating and issued a GBX 300 ($3.81) price objective on shares of Marks and Spencer Group in a research note on Tuesday, February 6th. Jefferies Financial Group raised shares of Marks and Spencer Group to a buy rating and set a GBX 310 ($3.94) price objective for the company in a research note on Monday, April 22nd. Royal Bank of Canada reissued an overweight rating and issued a GBX 315 ($4.00) price objective on shares of Marks and Spencer Group in a research note on Wednesday, May 15th. Shore Capital reaffirmed a house stock rating on shares of Marks and Spencer Group in a research report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 360 ($4.58) price target on shares of Marks and Spencer Group in a research report on Thursday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of Buy and an average price target of GBX 322.50 ($4.10).

Marks and Spencer Group Stock Performance

Shares of LON:MKS opened at GBX 299.20 ($3.80) on Thursday. The company has a market capitalization of £6.13 billion, a price-to-earnings ratio of 1,424.76, a price-to-earnings-growth ratio of 0.20 and a beta of 1.58. Marks and Spencer Group has a 52 week low of GBX 177.40 ($2.25) and a 52 week high of GBX 300.02 ($3.81). The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 115.61. The firm has a 50 day moving average of GBX 262.21 and a 200 day moving average of GBX 256.77.

Marks and Spencer Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, May 30th will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, May 30th. This is an increase from Marks and Spencer Group’s previous dividend of $1.00. This represents a dividend yield of 0.73%. Marks and Spencer Group’s dividend payout ratio is presently 1,428.57%.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. 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.