Marks and Spencer Group plc (LON:MKS) Insider Stuart Machin Sells 833,949 Shares

Marks and Spencer Group plc (LON:MKS) insider Stuart Machin sold 833,949 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of GBX 333 ($4.47), for a total value of £2,777,050.17 ($3,727,584.12).

Marks and Spencer Group Price Performance

MKS stock opened at GBX 342 ($4.59) on Friday. The company’s 50-day moving average price is GBX 357.66 and its two-hundred day moving average price is GBX 358.45. The firm has a market cap of £6.87 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. Marks and Spencer Group plc has a 12 month low of GBX 299.50 ($4.02) and a 12 month high of GBX 417.80 ($5.61).

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings results on Wednesday, May 21st. The retailer reported GBX 31.90 ($0.43) earnings per share (EPS) for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. On average, analysts anticipate that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on MKS shares. Royal Bank Of Canada dropped their price objective on Marks and Spencer Group from GBX 420 ($5.64) to GBX 400 ($5.37) and set an “outperform” rating for the company in a report on Wednesday. Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, May 21st.

Marks and Spencer Group Company Profile

M&S has a heritage of quality, innovation and value for money and has been voted the UK’s most trusted brand. From these foundations, M&S is reshaping for sustainable profitable growth and value creation.

We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands.