Marks and Spencer Group plc (LON:MKS) insider Archie Norman purchased 33,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average cost of GBX 300 ($3.95) per share, with a total value of £99,000 ($130,211.76).

Archie Norman also recently made the following trade(s):

  • On Friday, September 8th, Archie Norman acquired 10,000 shares of Marks and Spencer Group plc stock. The stock was acquired at an average price of GBX 320 ($4.21) per share, for a total transaction of £32,000 ($42,088.65).

Shares of Marks and Spencer Group plc (LON MKS) traded down GBX 1.60 ($0.02) during mid-day trading on Wednesday, hitting GBX 298.30 ($3.92). The stock had a trading volume of 8,096,659 shares, compared to its average volume of 8,800,000. Marks and Spencer Group plc has a 1 year low of GBX 299.60 ($3.94) and a 1 year high of GBX 397.80 ($5.23).

Marks and Spencer Group plc (LON:MKS) last announced its quarterly earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). The firm had revenue of GBX 512.56 billion during the quarter. Marks and Spencer Group plc had a return on equity of 5.62% and a net margin of 1.65%.

The business also recently declared a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, November 16th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 2.13%. The ex-dividend date of this dividend is Thursday, November 16th.

ILLEGAL ACTIVITY WARNING: “Insider Buying: Marks and Spencer Group plc (MKS) Insider Purchases 33,000 Shares of Stock” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/11/22/insider-buying-marks-and-spencer-group-plc-mks-insider-purchases-33000-shares-of-stock.html.

MKS has been the topic of a number of recent research reports. restated a “buy” rating and issued a GBX 435 ($5.72) price target on shares of Marks and Spencer Group plc in a research report on Thursday, July 27th. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 420 ($5.52) target price on shares of Marks and Spencer Group plc in a report on Tuesday, September 26th. Peel Hunt restated a “buy” rating and set a GBX 450 ($5.92) price target on shares of Marks and Spencer Group plc in a report on Wednesday, November 8th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a GBX 360 ($4.73) price target on shares of Marks and Spencer Group plc in a research report on Tuesday, August 1st. Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 354.26 ($4.66).

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.

Receive News & Ratings for Marks and Spencer Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group plc and related companies with MarketBeat.com's FREE daily email newsletter.