Marks and Spencer Group (LON:MKS) Reaches New 1-Year High – Time to Buy?

Marks and Spencer Group plc (LON:MKSGet Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 418.32 and last traded at GBX 409.40, with a volume of 1287705750 shares changing hands. The stock had previously closed at GBX 410.10.

Analyst Ratings Changes

A number of research firms have recently weighed in on MKS. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 435 price target on shares of Marks and Spencer Group in a report on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and issued a GBX 440 price target on shares of Marks and Spencer Group in a research note on Thursday, May 21st. JPMorgan Chase & Co. raised shares of Marks and Spencer Group to an “overweight” rating and increased their price objective for the company from GBX 440 to GBX 450 in a report on Tuesday, July 21st. Finally, Berenberg Bank increased their price objective on shares of Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a report on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Marks and Spencer Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 422.50.

Check Out Our Latest Research Report on Marks and Spencer Group

Marks and Spencer Group Stock Performance

The company has a market capitalization of £8.36 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 0.20 and a beta of 1.01. The business has a 50 day moving average of GBX 377.33 and a 200 day moving average of GBX 365.21. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89.

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

Insider Buying and Selling at Marks and Spencer Group

In related news, insider Stuart Machin sold 560,402 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of GBX 384, for a total value of £2,151,943.68. Also, insider Alison Dolan sold 85,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of GBX 359, for a total transaction of £305,150. Insiders own 0.45% of the company’s stock.

About Marks and Spencer Group

(Get Free Report)

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.

Further Reading

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