Marks and Spencer Group (LON:MKS) Sets New 52-Week Low – Should You Sell?

Marks and Spencer Group plc (LON:MKS)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 296.65 and last traded at GBX 395.90, with a volume of 8894279 shares. The stock had previously closed at GBX 397.70.

Analyst Ratings Changes

MKS has been the topic of several research reports. Royal Bank Of Canada lowered shares of Marks and Spencer Group to a “sector perform” rating and increased their price objective for the stock from GBX 375 to GBX 400 in a research note on Monday, October 20th. Peel Hunt restated a “hold” rating and set a GBX 360 price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, February 5th. Citigroup boosted their price target on shares of Marks and Spencer Group from GBX 440 to GBX 450 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 415.83.

Marks and Spencer Group Stock Up 0.4%

The firm has a market cap of £8.05 billion, a P/E ratio of 443.44, a P/E/G ratio of 0.20 and a beta of 1.62. The firm’s fifty day moving average is GBX 348.63 and its 200 day moving average is GBX 356.76. The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82.

Insiders Place Their Bets

In other news, insider Sean Doyle purchased 2,526 shares of Marks and Spencer Group stock in a transaction that occurred on Wednesday, December 3rd. The stock was acquired at an average cost of GBX 334 per share, for a total transaction of £8,436.84. Insiders own 0.51% of the company’s stock.

About Marks and Spencer Group

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. We do this through a network of stores and websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year.