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

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Marks and Spencer Group Plc (LON:MKS)‘s stock had its “underperform” rating reaffirmed by investment analysts at Sanford C. Bernstein in a note issued to investors on Friday. They currently have a GBX 400 ($6.73) target price on the stock. Sanford C. Bernstein’s price objective would indicate a potential downside of 9.67% from the stock’s previous close.

Shares of Marks and Spencer Group Plc (LON:MKS) opened at 444.40 on Friday. 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 443.6 and a 200-day moving average of GBX 465.6. The company’s market cap is £7.200 billion.

The company also recently declared a dividend, which is scheduled for Friday, July 11th. Stockholders 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.

Several other analysts have also recently commented on the stock. Analysts at Shore Capital reiterated a “hold” rating on shares of Marks and Spencer Group Plc in a research note on Wednesday. They now have a GBX 448 ($7.54) 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 ($7.51) 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 ($9.59) to GBX 540 ($9.09) 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 given a hold rating and thirteen have given a buy rating to the company. Marks and Spencer Group Plc has an average rating of “Hold” and an average target price of GBX 484.07 ($8.15).

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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