Marks and Spencer Group (LON:MKS) Insider Sells £606,000 in Stock

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

Marks and Spencer Group Price Performance

Shares of MKS stock traded up GBX 2.82 on Wednesday, reaching GBX 397.62. The company’s stock had a trading volume of 9,177,640 shares, compared to its average volume of 50,668,492. The company has a market capitalization of £8.02 billion, a P/E ratio of 441.80, a PEG ratio of 0.20 and a beta of 1.62. Marks and Spencer Group plc has a 12-month low of GBX 315.30 and a 12-month high of GBX 417.80. The stock’s 50 day simple moving average is GBX 351.81 and its 200-day simple moving average is GBX 357.67. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00.

Analysts Set New Price Targets

A number of research analysts recently commented on MKS shares. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, February 5th. Peel Hunt restated a “hold” rating and issued a GBX 360 target price on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, January 9th. UBS Group reaffirmed a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a research note on Friday, November 7th. Finally, Berenberg Bank raised shares of Marks and Spencer Group to a “buy” rating and boosted their price target for the stock from GBX 412 to GBX 415 in a research note on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Marks and Spencer Group currently has an average rating of “Moderate Buy” and an average target price of GBX 415.83.

About Marks and Spencer Group

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.