Marks and Spencer Group (LON:MKS) Sets New 12-Month High at $376.60

Marks and Spencer Group plc (LON:MKS)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 376.60 ($5.04) and last traded at GBX 375.20 ($5.02), with a volume of 348779781 shares changing hands. The stock had previously closed at GBX 369.50 ($4.95).

Wall Street Analysts Forecast Growth

Several research firms recently commented on MKS. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, June 28th. Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 350 ($4.69) target price on shares of Marks and Spencer Group in a research note on Friday, June 28th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 322.50 ($4.32).

Marks and Spencer Group Price Performance

The company has a debt-to-equity ratio of 110.71, a current ratio of 0.86 and a quick ratio of 0.42. The stock has a market capitalization of £7.58 billion, a price-to-earnings ratio of 1,787.62, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company has a 50-day simple moving average of GBX 335.72 and a two-hundred day simple moving average of GBX 296.30.

Insider Transactions at Marks and Spencer Group

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 ($3.87), for a total value of £1,789,453.32 ($2,396,161.38). Company insiders own 0.88% of the company’s stock.

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.