Marks and Spencer Group (LON:MKS) Sets New 1-Year High at $350.00

Marks and Spencer Group plc (LON:MKS)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 350 ($4.58) and last traded at GBX 349.10 ($4.57), with a volume of 5851960 shares changing hands. The stock had previously closed at GBX 345 ($4.51).

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an “overweight” rating and issued a GBX 315 ($4.12) price objective on shares of Marks and Spencer Group in a research note on Wednesday, May 15th. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, May 30th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 350 ($4.58) price objective on shares of Marks and Spencer Group in a research report on Friday, June 28th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 322.50 ($4.22).

Marks and Spencer Group Stock Down 0.9 %

The company’s 50 day moving average is GBX 321.72 and its 200 day moving average is GBX 287.41. The company has a market cap of £7.14 billion, a PE ratio of 1,698.10, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 110.71.

Insider Activity

In other news, insider Stuart Machin sold 619,188 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of GBX 289 ($3.78), for a total transaction of £1,789,453.32 ($2,340,072.34). Company insiders own 0.88% of the company’s stock.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.