Marks and Spencer Group (LON:MKS) Insider Stuart Machin Sells 560,402 Shares of Stock

Marks and Spencer Group plc (LON:MKS) insider Stuart Machin sold 560,402 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of GBX 384, for a total transaction of £2,151,943.68.

Marks and Spencer Group Stock Performance

MKS opened at GBX 378.79 on Friday. Marks and Spencer Group plc has a 12-month low of GBX 301.10 and a 12-month high of GBX 411.80. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89. The firm has a market capitalization of £7.79 billion, a PE ratio of 30.80, a P/E/G ratio of 0.20 and a beta of 1.01. The firm has a 50 day moving average of GBX 356.14 and a two-hundred day moving average of GBX 357.62.

Marks and Spencer Group (LON:MKS) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported GBX 23.80 EPS for the quarter. The business had revenue of GBX 1,727.36 billion for the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. On average, analysts anticipate that Marks and Spencer Group plc will post 26.0113154 EPS for the current year.

Analyst Ratings Changes

MKS has been the topic of several recent research reports. Citigroup lowered their price target on shares of Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating on the stock in a report on Friday, May 22nd. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, May 20th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 440 price objective on shares of Marks and Spencer Group in a report on Thursday, May 21st. Berenberg Bank upped their target price on Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 425 target price on shares of Marks and Spencer Group in a report on Monday, May 18th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 418.57.

About Marks and Spencer Group

M&S has a heritage of quality, innovation and value for money and has been voted the UK’s most trusted brand. From these foundations, M&S is reshaping for sustainable profitable growth and value creation.

We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands. We do this through a network of stores and websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year.