Marks and Spencer Group (LON:MKS) Hits New 1-Year High at $357.90

Marks and Spencer Group plc (LON:MKS)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 357.90 ($4.73) and last traded at GBX 357.20 ($4.72), with a volume of 9984021 shares changing hands. The stock had previously closed at GBX 351.20 ($4.64).

Analyst Upgrades and Downgrades

Several research analysts have commented on MKS shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 350 ($4.62) price objective on shares of Marks and Spencer Group in a research report on Friday, June 28th. Finally, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, May 30th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 322.50 ($4.26).

Marks and Spencer Group Stock Performance

The firm has a market capitalization of £7.52 billion, a PE ratio of 1,758.35, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. 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 50-day moving average price of GBX 327.03 and a 200-day moving average price of GBX 290.63.

Insider Transactions at Marks and Spencer Group

In other news, insider Stuart Machin sold 619,188 shares of Marks and Spencer Group stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of GBX 289 ($3.82), for a total transaction of £1,789,453.32 ($2,363,874.93). Corporate 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.