Marks and Spencer Group Plc (LON:MKS) insider Katie Bickerstaffe acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were purchased at an average cost of GBX 249 ($3.25) per share, with a total value of £4,980 ($6,507.25).

Shares of Marks and Spencer Group stock opened at GBX 243.10 ($3.18) on Friday. Marks and Spencer Group Plc has a fifty-two week low of GBX 240 ($3.14) and a fifty-two week high of GBX 316.60 ($4.14). The firm has a market capitalization of $3.94 billion and a price-to-earnings ratio of 135.06. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 62.77.

The firm also recently disclosed a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, May 30th will be paid a GBX 7.10 ($0.09) dividend. This is a boost from Marks and Spencer Group’s previous dividend of $6.80. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 2.62%. Marks and Spencer Group’s dividend payout ratio is currently 10.56%.

A number of analysts have weighed in on the stock. Barclays reduced their price target on shares of Marks and Spencer Group from GBX 335 ($4.38) to GBX 320 ($4.18) and set an “overweight” rating for the company in a report on Thursday. Citigroup reissued a “buy” rating and issued a GBX 330 ($4.31) price target on shares of Marks and Spencer Group in a report on Monday, May 13th. Liberum Capital reissued a “sell” rating and issued a GBX 225 ($2.94) price target on shares of Marks and Spencer Group in a report on Wednesday, February 27th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Marks and Spencer Group in a report on Thursday. Finally, Societe Generale reduced their price target on shares of Marks and Spencer Group from GBX 301 ($3.93) to GBX 230 ($3.01) and set a “sell” rating for the company in a report on Tuesday, April 9th. Seven analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 270.58 ($3.54).

WARNING: This piece was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2019/05/24/marks-and-spencer-group-plc-mks-insider-buys-4980-in-stock.html.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.

Further Reading: What is the return on assets (ROA) ratio?

Receive News & Ratings for Marks and Spencer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group and related companies with MarketBeat.com's FREE daily email newsletter.