Marks and Spencer Group (LON:MKS) Reaches New 12-Month High – Should You Buy?

Shares of Marks and Spencer Group plc (LON:MKS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 380.70 ($4.98) and last traded at GBX 379.30 ($4.96), with a volume of 20714479 shares changing hands. The stock had previously closed at GBX 371.90 ($4.87).

Analyst Ratings Changes

Several equities analysts have commented on MKS shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 350 ($4.58) target price on shares of Marks and Spencer Group in a research report on Friday, June 28th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, June 28th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Marks and Spencer Group currently has an average rating of “Buy” and an average target price of GBX 327 ($4.28).

Marks and Spencer Group Price Performance

The stock has a market cap of £7.67 billion, a price-to-earnings ratio of 1,770.95, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a debt-to-equity ratio of 110.71, a current ratio of 0.86 and a quick ratio of 0.42. The stock’s 50 day simple moving average is GBX 345.51 and its two-hundred day simple moving average is GBX 303.48.

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.