Marks and Spencer Group Plc (MKS) Shares Down 0.3%
Shares of Marks and Spencer Group Plc (LON:MKS) were down 0.3% on Monday . The stock traded as low as GBX 351.90 ($4.67) and last traded at GBX 352.40 ($4.67). Approximately 4,175,745 shares traded hands during trading, a decline of 30% from the average daily volume of 5,933,480 shares. The stock had previously closed at GBX 353.40 ($4.69).
Several research analysts have recently issued reports on MKS shares. HSBC Holdings plc reissued a “buy” rating and issued a GBX 435 ($5.77) target price on shares of Marks and Spencer Group Plc in a research report on Thursday, July 6th. Peel Hunt restated a “buy” rating and set a GBX 500 ($6.63) price target on shares of Marks and Spencer Group Plc in a research report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and set a GBX 420 ($5.57) price target on shares of Marks and Spencer Group Plc in a research report on Monday, July 3rd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 360 ($4.78) price target on shares of Marks and Spencer Group Plc in a research note on Wednesday, June 28th. Nine research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 354.91 ($4.71).
The firm’s market capitalization is GBX 5.72 billion. The company’s 50-day moving average price is GBX 328.89 and its 200 day moving average price is GBX 344.02.
In related news, insider Archie Norman acquired 10,000 shares of the stock in a transaction on Friday, September 8th. The shares were bought at an average price of GBX 320 ($4.24) per share, with a total value of £32,000 ($42,445.95).
About Marks and Spencer Group Plc
Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.
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