Shore Capital Reaffirms House Stock Rating for Marks and Spencer Group (LON:MKS)

Shore Capital reiterated their house stock rating on shares of Marks and Spencer Group (LON:MKS) in a research report released on Wednesday, MarketBeat Ratings reports.

Marks and Spencer Group Stock Up 0.3 %

MKS stock opened at GBX 368.56 ($4.64) on Wednesday. Marks and Spencer Group has a 1-year low of GBX 229.60 ($2.89) and a 1-year high of GBX 415.30 ($5.23). The stock has a market cap of £7.44 billion, a price-to-earnings ratio of 1,755.06, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 110.71. The company’s 50 day moving average is GBX 371.84 and its 200 day moving average is GBX 325.63.

Marks and Spencer Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 28th will be issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.26%. The ex-dividend date is Thursday, November 28th. Marks and Spencer Group’s dividend payout ratio is presently 1,428.57%.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through: UK Clothing & Home, UK Food, International, Ocado, and All Other segments. 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.