Marks and Spencer Group (LON:MKS) Hits New 12-Month High – Time to Buy?

Marks and Spencer Group plc (LON:MKS)’s stock price 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 traded. The stock had previously closed at GBX 371.90 ($4.87).

Analyst Ratings Changes

MKS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft restated 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. reiterated an “overweight” rating on shares of Marks and Spencer Group in a report on Friday, June 28th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Marks and Spencer Group currently has a consensus rating of “Buy” and a consensus price target of GBX 327 ($4.28).

Marks and Spencer Group Price Performance

The company has a market capitalization of £7.63 billion, a PE ratio of 1,823.33, a PEG ratio of 0.20 and a beta of 1.62. 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 company’s 50 day moving average price is GBX 346.66 and its 200-day moving average price is GBX 304.45.

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.