Marks and Spencer Group (LON:MKS) Sets New 12-Month Low – Should You Sell?

Marks and Spencer Group plc (LON:MKS)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 312.80 and last traded at GBX 313.06, with a volume of 7814708 shares traded. The stock had previously closed at GBX 322.50.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MKS. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Monday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 price target on shares of Marks and Spencer Group in a report on Tuesday, March 10th. Finally, Citigroup lowered their price target on shares of Marks and Spencer Group to GBX 430 and set a “buy” rating for the company in a report on Thursday, March 19th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 416.43.

Marks and Spencer Group Stock Down 1.4%

The company has a current ratio of 0.81, a quick ratio of 0.42 and a debt-to-equity ratio of 121.22. The stock has a market capitalization of £6.44 billion, a P/E ratio of 353.44, a P/E/G ratio of 0.20 and a beta of 1.02. The stock’s 50 day simple moving average is GBX 350.01 and its 200 day simple moving average is GBX 356.66.

Insider Buying and Selling

In other Marks and Spencer Group news, insider Stuart Machin sold 150,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of GBX 404, for a total transaction of £606,000. 0.50% of the stock is owned by company insiders.

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.