Stuart Machin Sells 560,402 Shares of Marks and Spencer Group (LON:MKS) Stock

Marks and Spencer Group plc (LON:MKS) insider Stuart Machin sold 560,402 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of GBX 384, for a total transaction of £2,151,943.68.

Marks and Spencer Group Price Performance

Shares of LON:MKS opened at GBX 374.37 on Friday. The firm has a 50 day moving average of GBX 355.10 and a 200-day moving average of GBX 357.47. Marks and Spencer Group plc has a 12 month low of GBX 301.10 and a 12 month high of GBX 411.80. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89. The stock has a market capitalization of £7.69 billion, a PE ratio of 30.44, a PEG ratio of 0.20 and a beta of 1.01.

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. The business had revenue of GBX 1,727.36 billion for the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. On average, equities research analysts predict that Marks and Spencer Group plc will post 26.0113154 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 435 target price on shares of Marks and Spencer Group in a report on Thursday, May 21st. Citigroup lowered their price target on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating for the company in a report on Friday, May 22nd. UBS Group reaffirmed a “buy” rating and issued a GBX 425 price objective on shares of Marks and Spencer Group in a research note on Monday, May 18th. Berenberg Bank lifted their target price on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Marks and Spencer Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 418.57.

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.