Marks and Spencer Group plc (LON:MKS - Get Free Report) insider Stuart Machin sold 560,402 shares of the business's stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of GBX 384, for a total transaction of £2,151,943.68.
Marks and Spencer Group Stock Up 1.5%
MKS opened at GBX 378.79 on Friday. Marks and Spencer Group plc has a twelve month low of GBX 301.10 and a twelve month high of GBX 411.80. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89. The company has a 50-day moving average price of GBX 356.14 and a 200 day moving average price of GBX 357.62. The company has a market cap of £7.79 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 0.20 and a beta of 1.01.
Marks and Spencer Group (LON:MKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share for the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. The firm had revenue of GBX 1,727.36 billion for the quarter. Sell-side analysts expect that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Shore Capital Group restated a "house stock" rating on shares of Marks and Spencer Group in a research report on Wednesday, May 20th. UBS Group reiterated a "buy" rating and set a GBX 425 price target on shares of Marks and Spencer Group in a research report on Monday, May 18th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 440 price objective on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Berenberg Bank raised their price objective on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a "buy" rating in a report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 435 target price on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 418.57.
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About Marks and Spencer Group
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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.
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