Marks and Spencer Group (LON:MKS) Reaches New 52-Week High – Here’s Why

Marks and Spencer Group plc (LON:MKS) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 387.60 ($5.06) and last traded at GBX 386.80 ($5.05), with a volume of 13119929 shares trading hands. The stock had previously closed at GBX 382.60 ($5.00).

Analyst Ratings Changes

MKS has been the topic of several research reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, June 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 350 ($4.57) price objective on shares of Marks and Spencer Group in a research report on Friday, June 28th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 327 ($4.27).

Marks and Spencer Group Price Performance

The business’s 50 day simple moving average is GBX 348.70 and its 200-day simple moving average is GBX 307.17. The stock has a market capitalization of £7.77 billion, a price-to-earnings ratio of 1,821.90, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company has a debt-to-equity ratio of 110.71, a quick ratio of 0.42 and a current ratio of 0.86.

Marks and Spencer Group Company Profile

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.