Marks and Spencer Group (LON:MKS) Insider Stuart Machin Sells 150,000 Shares

Marks and Spencer Group plc (LON:MKS) insider Stuart Machin sold 150,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of GBX 404, for a total transaction of £606,000.

Marks and Spencer Group Trading Up 0.7%

Shares of MKS stock opened at GBX 397.62 on Thursday. The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82. The stock has a fifty day simple moving average of GBX 353.34 and a two-hundred day simple moving average of GBX 357.95. The firm has a market capitalization of £8.02 billion, a PE ratio of 441.80, a PEG ratio of 0.20 and a beta of 1.62. Marks and Spencer Group plc has a 52-week low of GBX 315.30 and a 52-week high of GBX 417.80.

Analysts Set New Price Targets

A number of analysts have weighed in on MKS shares. Citigroup increased their target price on Marks and Spencer Group from GBX 440 to GBX 450 and gave the stock a “buy” rating in a research note on Monday, November 10th. Berenberg Bank upgraded shares of Marks and Spencer Group to a “buy” rating and upped their price target for the stock from GBX 412 to GBX 415 in a report on Thursday, January 8th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a report on Friday, January 9th. Peel Hunt reissued a “hold” rating and issued a GBX 360 price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 435 target price on shares of Marks and Spencer Group in a research report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Marks and Spencer Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 415.83.

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. 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.