Marks and Spencer Group (LON:MKS) Stock Price Up 6.6% – Here’s Why
by Teresa Graham · The Cerbat GemMarks and Spencer Group plc (LON:MKS – Get Free Report) rose 6.6% on Wednesday . The stock traded as high as GBX 351.60 and last traded at GBX 348.50. Approximately 1,850,876,375 shares were traded during trading, an increase of 2,963% from the average daily volume of 60,428,820 shares. The stock had previously closed at GBX 326.80.
Analysts Set New Price Targets
MKS has been the subject of several research analyst reports. Citigroup cut their price objective on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating for the company in a research report on Friday. UBS Group reissued a “buy” rating and set a GBX 425 price objective on shares of Marks and Spencer Group in a research report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 435 price objective on shares of Marks and Spencer Group in a research report on Thursday. Berenberg Bank upped their price target on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 price target on shares of Marks and Spencer Group in a report on Thursday. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 418.57.
Check Out Our Latest Analysis on Marks and Spencer Group
Marks and Spencer Group Stock Performance
The firm has a fifty day simple moving average of GBX 342.59 and a 200 day simple moving average of GBX 352.25. 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 stock has a market cap of £7.03 billion, a price-to-earnings ratio of 385.78, a PEG ratio of 0.20 and a beta of 1.24.
Marks and Spencer Group (LON:MKS – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 EPS for the quarter. The firm had revenue of GBX 1,727.36 billion during the quarter. Marks and Spencer Group had a return on equity of 8.86% and a net margin of 1.50%. As a group, sell-side analysts expect that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current year.
Insider Buying and Selling
In other Marks and Spencer Group news, insider Alison Dolan sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of GBX 359, for a total value of £305,150. 0.50% of the stock is currently owned by company insiders.
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.