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

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

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

Read Our Latest Stock Report on MKS

Marks and Spencer Group Stock Performance

Marks and Spencer Group stock opened at GBX 299.20 ($3.80) on Thursday. The firm’s 50 day simple moving average is GBX 262.21 and its 200-day simple moving average is GBX 256.77. The company has a market cap of £6.13 billion, a P/E ratio of 1,424.76, a price-to-earnings-growth ratio of 0.20 and a beta of 1.58. The company has a debt-to-equity ratio of 115.61, a current ratio of 0.80 and a quick ratio of 0.42. Marks and Spencer Group has a fifty-two week low of GBX 177.40 ($2.25) and a fifty-two week high of GBX 300.02 ($3.81).

Marks and Spencer Group Increases Dividend

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

Marks and Spencer Group Company Profile

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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.

Further Reading

Analyst Recommendations for Marks and Spencer Group (LON:MKS)

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