Marks and Spencer Group (LON:MKS – Get Free Report)’s stock had its “house stock” rating reissued by equities researchers at Shore Capital in a report released on Thursday, LSE.Co.UK reports.
A number of other analysts also recently weighed in on the company. Bank of America upgraded Marks and Spencer Group to a “buy” rating and increased their price objective for the company from GBX 197 ($2.51) to GBX 300 ($3.82) in a report on Friday, September 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 310 ($3.95) price objective on shares of Marks and Spencer Group in a report on Tuesday, November 21st. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 260 ($3.31) price objective on shares of Marks and Spencer Group in a report on Thursday, December 14th. Finally, Barclays increased their price objective on Marks and Spencer Group from GBX 275 ($3.51) to GBX 300 ($3.82) and gave the company an “overweight” rating in a report on Thursday, November 30th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 242.86 ($3.10).
Marks and Spencer Group Price Performance
Shares of MKS traded down GBX 14.43 ($0.18) during trading hours on Thursday, reaching GBX 263.27 ($3.36). The stock had a trading volume of 19,290,413 shares, compared to its average volume of 8,684,840. Marks and Spencer Group has a 12 month low of GBX 136.10 ($1.73) and a 12 month high of GBX 293.20 ($3.74). The stock has a market capitalization of £5.19 billion, a PE ratio of 1,316.37, a PEG ratio of 0.20 and a beta of 1.58. The company has a debt-to-equity ratio of 115.61, a quick ratio of 0.42 and a current ratio of 0.80. The company’s 50-day moving average is GBX 259.28 and its two-hundred day moving average is GBX 229.91.
Insider Activity
In other Marks and Spencer Group news, insider Cheryl Potter purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of GBX 247 ($3.15) per share, with a total value of £123,500 ($157,425.11). In other news, insider Cheryl Potter bought 50,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average price of GBX 247 ($3.15) per share, with a total value of £123,500 ($157,425.11). Also, insider Stuart Machin sold 23,686 shares of Marks and Spencer Group stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of GBX 259 ($3.30), for a total transaction of £61,346.74 ($78,198.52). Insiders bought a total of 50,184 shares of company stock worth $12,394,758 in the last three months. Company insiders own 0.88% of the company’s stock.
Marks and Spencer Group Company Profile
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.