Marks and Spencer Group (LON:MKS) Insider Sells £305,150 in Stock

Marks and Spencer Group plc (LON:MKS) insider Alison Dolan sold 85,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total transaction of £305,150.

Marks and Spencer Group Stock Performance

Shares of MKS traded up GBX 1.98 on Friday, reaching GBX 352.78. The company’s stock had a trading volume of 19,134,045 shares, compared to its average volume of 40,801,383. The stock’s 50 day simple moving average is GBX 342.59 and its two-hundred day simple moving average is GBX 352.25. The company has a debt-to-equity ratio of 111.89, a current ratio of 0.86 and a quick ratio of 0.42. The stock has a market capitalization of £7.15 billion, a P/E ratio of 391.98, a PEG ratio of 0.20 and a beta of 1.24. Marks and Spencer Group plc has a 12-month low of GBX 301.10 and a 12-month high of GBX 411.80.

Marks and Spencer Group (LON:MKS) last announced its earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 EPS for the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. The business had revenue of GBX 1,727.36 billion during the quarter. Research analysts forecast that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on MKS shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 price objective on shares of Marks and Spencer Group in a research note on Thursday. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday. Citigroup decreased their target price on shares of Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating on the stock in a research note on Friday. Berenberg Bank lifted their price target on shares of Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group reiterated a “buy” rating and issued a GBX 425 price target on shares of Marks and Spencer Group in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Marks and Spencer Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 418.57.

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.