Marks and Spencer Group plc (LON:MKS) Insider Cheryl Potter Acquires 50,000 Shares of Stock

Marks and Spencer Group plc (LON:MKS) insider Cheryl Potter purchased 50,000 shares of Marks and Spencer Group stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of GBX 247 ($3.05) per share, for a total transaction of £123,500 ($152,450.31).

Marks and Spencer Group Stock Performance

Marks and Spencer Group stock opened at GBX 244.10 ($3.01) on Friday. The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 128.89. The company has a market capitalization of £4.81 billion, a P/E ratio of 1,356.11, a PEG ratio of 0.20 and a beta of 1.60. The stock’s 50 day moving average is GBX 224.76 and its 200 day moving average is GBX 202.77. Marks and Spencer Group plc has a twelve month low of GBX 108 ($1.33) and a twelve month high of GBX 250.80 ($3.10).

Marks and Spencer Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 12th. Investors of record on Thursday, November 16th will be paid a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a dividend yield of 0.44%. Marks and Spencer Group’s payout ratio is currently 6,111.11%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Bank of America upgraded Marks and Spencer Group to a “buy” rating and boosted their price target for the company from GBX 197 ($2.43) to GBX 300 ($3.70) in a report on Friday, September 29th. JPMorgan Chase & Co. downgraded Marks and Spencer Group to a “neutral” rating and set a GBX 260 ($3.21) target price on the stock. in a report on Thursday. Finally, Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Marks and Spencer Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 211.43 ($2.61).

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.