Marks and Spencer Group plc (LON:MKS – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 351.07 and traded as high as GBX 364.50. Marks and Spencer Group shares last traded at GBX 358.40, with a volume of 378,426,688 shares trading hands.
Analysts Set New Price Targets
Several research firms have issued reports on MKS. UBS Group restated a “buy” rating and issued a GBX 425 price objective on shares of Marks and Spencer Group in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Shore Capital Group restated a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, May 20th. Citigroup decreased their price objective on shares of Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating for the company in a research note on Friday, May 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 440 price objective on shares of Marks and Spencer Group in a research note on Thursday, May 21st. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 418.57.
View Our Latest Stock Analysis on MKS
Marks and Spencer Group Stock Up 1.0%
Marks and Spencer Group (LON:MKS – Get Free Report) last announced its earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share for the quarter. Marks and Spencer Group had a net margin of 1.50% and a return on equity of 8.86%. The business had revenue of GBX 1,727.36 billion during the quarter. As a group, sell-side analysts forecast that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current fiscal year.
Insider Buying and Selling at Marks and Spencer Group
In other news, insider Alison Dolan sold 85,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total transaction of £305,150. Company insiders own 0.49% of the company’s stock.
Marks and Spencer Group Company Profile
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.
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