Marks and Spencer Group Plc Price Target Raised to GBX 560 at Nomura (MKS)

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Research analysts at Nomura upped their price target on shares of Marks and Spencer Group Plc (LON:MKS) from GBX 520 ($8.75) to GBX 560 ($9.42) in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Nomura’s price objective indicates a potential upside of 25.56% from the stock’s previous close.

Marks and Spencer Group Plc (LON:MKS) opened at 445.10 on Wednesday. Marks and Spencer Group Plc has a 52 week low of GBX 359.20 and a 52 week high of GBX 520.50. The stock has a 50-day moving average of GBX 446.2 and a 200-day moving average of GBX 468.0. The company’s market cap is £7.165 billion.

The company also recently declared a dividend, which is scheduled for Friday, July 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of GBX 10.80 ($0.18) per share. This represents a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, May 28th.

A number of other analysts have also recently weighed in on MKS. Analysts at Citigroup Inc. downgraded shares of Marks and Spencer Group Plc to a “neutral” rating in a research note on Wednesday. They now have a GBX 465 ($7.82) price target on the stock, down previously from GBX 510 ($8.58). Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Marks and Spencer Group Plc in a research note on Tuesday. They now have a GBX 425 ($7.15) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Marks and Spencer Group Plc in a research note on Tuesday. They now have a GBX 400 ($6.73) price target on the stock. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 486.85 ($8.19).

Marks and Spencer Group plc is a United Kingdom retailer. The Company is the holding company of the Marks & Spencer Group of companies.

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