Marks and Spencer Group (LON:MKS) Reaches New 1-Year High at $376.60

Marks and Spencer Group plc (LON:MKS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 376.60 ($4.97) and last traded at GBX 375.20 ($4.96), with a volume of 348779781 shares changing hands. The stock had previously closed at GBX 369.50 ($4.88).

Analyst Upgrades and Downgrades

MKS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 350 ($4.62) target price on shares of Marks and Spencer Group in a report on Friday, June 28th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a report on Friday, June 28th. Finally, Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, May 30th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 322.50 ($4.26).

Marks and Spencer Group Stock Performance

The business’s fifty day moving average price is GBX 332.96 and its two-hundred day moving average price is GBX 294.39. The company has a debt-to-equity ratio of 110.71, a quick ratio of 0.42 and a current ratio of 0.86. The stock has a market capitalization of £7.59 billion, a P/E ratio of 1,759.52, a P/E/G ratio of 0.20 and a beta of 1.62.

Insiders Place Their Bets

In other news, insider Stuart Machin sold 619,188 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of GBX 289 ($3.82), for a total value of £1,789,453.32 ($2,363,874.93). 0.88% of the stock is currently owned by insiders.

About Marks and Spencer Group

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.