Marks and Spencer Group (LON:MKS) Hits New 1-Year High at $357.90

Marks and Spencer Group plc (LON:MKS)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 357.90 ($4.73) and last traded at GBX 357.20 ($4.72), with a volume of 9984021 shares trading hands. The stock had previously closed at GBX 351.20 ($4.64).

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 350 ($4.62) target price on shares of Marks and Spencer Group in a report on Friday, June 28th. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a report on Friday, June 28th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 322.50 ($4.26).

Marks and Spencer Group Stock Up 0.5 %

The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 110.71. The firm has a market capitalization of £7.52 billion, a PE ratio of 1,758.35, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The firm has a 50-day moving average of GBX 327.03 and a two-hundred day moving average of GBX 290.63.

Insider Buying and Selling

In related news, insider Stuart Machin sold 619,188 shares of the stock in a transaction 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). Corporate insiders own 0.88% of the company’s stock.

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.