Marks and Spencer Group (LON:MKS) Insider Stuart Machin Sells 150,000 Shares

Marks and Spencer Group plc (LON:MKS) insider Stuart Machin sold 150,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of GBX 404, for a total value of £606,000.

Marks and Spencer Group Stock Up 0.7%

Shares of Marks and Spencer Group stock traded up GBX 2.82 during trading on Wednesday, reaching GBX 397.62. 9,177,640 shares of the company traded hands, compared to its average volume of 50,668,492. The firm has a market capitalization of £8.02 billion, a PE ratio of 441.80, a P/E/G ratio of 0.20 and a beta of 1.62. Marks and Spencer Group plc has a 1-year low of GBX 315.30 and a 1-year high of GBX 417.80. The company has a 50 day moving average price of GBX 351.81 and a 200-day moving average price of GBX 357.67. The company has a debt-to-equity ratio of 95.00, a current ratio of 0.82 and a quick ratio of 0.42.

Wall Street Analysts Forecast Growth

MKS has been the subject of several recent research reports. Citigroup boosted their target price on shares of Marks and Spencer Group from GBX 440 to GBX 450 and gave the stock a “buy” rating in a research report on Monday, November 10th. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, February 5th. UBS Group reissued a “buy” rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a research report on Friday, November 7th. Peel Hunt reaffirmed a “hold” rating and set a GBX 360 price objective on shares of Marks and Spencer Group in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 415.83.

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.