Marks and Spencer Group Plc’s Underperform Rating Reaffirmed at Sanford C. Bernstein (MKS)

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Sanford C. Bernstein reiterated their underperform rating on shares of Marks and Spencer Group Plc (LON:MKS) in a research report released on Tuesday morning. Sanford C. Bernstein currently has a GBX 400 ($6.72) price objective on the stock.

Shares of Marks and Spencer Group Plc (LON:MKS) traded up 0.70% during mid-day trading on Tuesday, hitting GBX 458.90. 2,187,197 shares of the company’s stock traded hands. Marks and Spencer Group Plc has a 1-year low of GBX 359.20 and a 1-year high of GBX 520.50. The stock has a 50-day moving average of GBX 447. and a 200-day moving average of GBX 462.9. The company’s market cap is £7.435 billion.

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

Other equities research analysts have also recently issued reports about the stock. Analysts at Shore Capital reiterated a hold rating on shares of Marks and Spencer Group Plc in a research note on Wednesday, May 28th. They now have a GBX 448 ($7.53) price target on the stock. Separately, analysts at Grupo Santander reiterated a hold rating on shares of Marks and Spencer Group Plc in a research note on Thursday, May 22nd. They now have a GBX 446 ($7.50) price target on the stock. Finally, analysts at BNP Paribas cut their price target on shares of Marks and Spencer Group Plc from GBX 570 ($9.58) to GBX 540 ($9.08) in a research note on Wednesday, May 21st. They now have an outperform rating on the stock. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 484.07 ($8.14).

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

To view Sanford C. Bernstein’s full report, visit Sanford C. Bernstein’s official website.

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