Marks and Spencer Group’s (MKS) Hold Rating Reaffirmed at HSBC

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HSBC reiterated their hold rating on shares of Marks and Spencer Group (LON:MKS) in a research note published on Thursday.

MKS has been the topic of a number of other reports. Shore Capital reiterated a hold rating on shares of Marks and Spencer Group in a research report on Tuesday, October 9th. Royal Bank of Canada cut Marks and Spencer Group to a sector performer rating and dropped their price target for the stock from GBX 330 ($4.31) to GBX 320 ($4.18) in a research report on Wednesday, November 28th. Liberum Capital reiterated a sell rating and set a GBX 250 ($3.27) price target on shares of Marks and Spencer Group in a research report on Wednesday, November 7th. Barclays reiterated an overweight rating on shares of Marks and Spencer Group in a research report on Monday, October 15th. Finally, Jefferies Financial Group dropped their price target on Marks and Spencer Group from GBX 370 ($4.83) to GBX 310 ($4.05) and set a buy rating on the stock in a research report on Friday, January 4th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 301.73 ($3.94).

LON MKS traded up GBX 1.60 ($0.02) on Thursday, hitting GBX 276.10 ($3.61). 8,907,197 shares of the stock traded hands, 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 firm also recently disclosed a dividend, which will be paid on Friday, January 11th. Investors of record on Thursday, November 15th will be issued a GBX 6.80 ($0.09) dividend. This represents a yield of 2.26%. The ex-dividend date of this dividend is Thursday, November 15th.

Marks and Spencer Group Company Profile

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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