Marks and Spencer Group (LON:MKS) Reaches New 52-Week Low at $110.80

Marks and Spencer Group plc (LON:MKSGet Rating)’s share price reached a new 52-week low on Wednesday . The company traded as low as GBX 110.80 ($1.34) and last traded at GBX 111.75 ($1.35), with a volume of 4424539 shares trading hands. The stock had previously closed at GBX 114.30 ($1.38).

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Jefferies Financial Group decreased their price target on Marks and Spencer Group from GBX 170 ($2.05) to GBX 115 ($1.39) and set a “hold” rating on the stock in a research note on Tuesday, September 6th. Berenberg Bank decreased their price target on Marks and Spencer Group from GBX 215 ($2.60) to GBX 198 ($2.39) and set a “buy” rating on the stock in a research note on Tuesday, June 7th. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a research note on Tuesday, August 30th. Deutsche Bank Aktiengesellschaft decreased their target price on Marks and Spencer Group from GBX 155 ($1.87) to GBX 145 ($1.75) and set a “hold” rating on the stock in a research report on Wednesday, September 14th. Finally, Barclays reiterated an “overweight” rating and set a GBX 215 ($2.60) target price on shares of Marks and Spencer Group in a research report on Monday, July 25th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 185.22 ($2.24).

Marks and Spencer Group Price Performance

The stock has a market capitalization of £2.20 billion and a price-to-earnings ratio of 745.00. The company has a 50 day moving average of GBX 130.74 and a 200 day moving average of GBX 141.07. The company has a quick ratio of 0.57, a current ratio of 0.92 and a debt-to-equity ratio of 130.51.

Insider Activity at Marks and Spencer Group

In related news, insider Eoin Tonge sold 256,760 shares of the company’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of GBX 137 ($1.66), for a total value of £351,761.20 ($425,037.70). Over the last ninety days, insiders acquired 333 shares of company stock worth $44,940.

Marks and Spencer Group Company Profile

(Get Rating)

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.

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