Insider Buying: Marks and Spencer Group plc (MKS) Insider Purchases 33,000 Shares of Stock
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).
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.
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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.
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