Marks and Spencer Group (LON:MKS) Reaches New 52-Week Low – What’s Next?

Marks and Spencer Group plc (LON:MKS) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 312.80 and last traded at GBX 313.06, with a volume of 7814708 shares. The stock had previously closed at GBX 322.50.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 440 price objective on shares of Marks and Spencer Group in a research report on Tuesday, March 10th. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research note on Monday. Finally, Citigroup dropped their price objective on shares of Marks and Spencer Group to GBX 430 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Six investment 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 416.43.

Marks and Spencer Group Price Performance

The firm has a fifty day moving average price of GBX 346.84 and a two-hundred day moving average price of GBX 355.32. The company has a quick ratio of 0.42, a current ratio of 0.81 and a debt-to-equity ratio of 121.22. The stock has a market capitalization of £6.40 billion, a P/E ratio of 351.09, a P/E/G ratio of 0.20 and a beta of 1.02.

Insiders Place Their Bets

In other Marks and Spencer Group news, insider Stuart Machin sold 150,000 shares of Marks and Spencer Group stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of GBX 404, for a total value of £606,000. Corporate insiders own 0.50% of the company’s stock.

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.