Marks and Spencer Group Plc (LON:MKS) insider Archie Norman bought 10,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was acquired at an average cost of GBX 320 ($4.13) per share, for a total transaction of £32,000 ($41,327.65).

Shares of Marks and Spencer Group Plc (MKS) traded down 1.80% on Friday, hitting GBX 321.30. 5,060,771 shares of the company’s stock traded hands. The firm’s 50-day moving average price is GBX 323.40 and its 200 day moving average price is GBX 343.19. Marks and Spencer Group Plc has a 1-year low of GBX 306.70 and a 1-year high of GBX 397.80. The company’s market cap is GBX 5.21 billion.

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A number of brokerages have recently issued reports on MKS. Macquarie raised their price target on shares of Marks and Spencer Group Plc from GBX 270 ($3.49) to GBX 290 ($3.75) and gave the stock an “underperform” rating in a report on Friday, May 19th. Peel Hunt reiterated a “buy” rating and issued a GBX 500 ($6.46) target price on shares of Marks and Spencer Group Plc in a report on Friday, May 12th. Barclays PLC reissued an “overweight” rating and issued a GBX 425 ($5.49) price target on shares of Marks and Spencer Group Plc in a research report on Tuesday, August 1st. Credit Suisse Group reissued a “neutral” rating and issued a GBX 370 ($4.78) price target on shares of Marks and Spencer Group Plc in a research report on Friday, September 1st. Finally, Jefferies Group LLC raised their price target on shares of Marks and Spencer Group Plc from GBX 370 ($4.78) to GBX 420 ($5.42) and gave the company a “buy” rating in a research report on Monday, May 22nd. Nine research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Marks and Spencer Group Plc currently has a consensus rating of “Hold” and a consensus target price of GBX 354.91 ($4.58).

Marks and Spencer Group Plc Company Profile

Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.

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