Marks and Spencer Group plc (MKS) Insider Purchases £99,000 in Stock

Marks and Spencer Group plc (LON:MKS) insider Archie Norman purchased 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average cost of GBX 300 ($4.04) per share, with a total value of £99,000 ($133,243.61).

Archie Norman also recently made the following trade(s):

  • On Friday, September 8th, Archie Norman acquired 10,000 shares of Marks and Spencer Group stock. The shares were bought at an average price of GBX 320 ($4.31) per share, with a total value of £32,000 ($43,068.64).

Marks and Spencer Group plc (MKS) opened at GBX 318 ($4.28) on Friday. Marks and Spencer Group plc has a 52 week low of GBX 296.30 ($3.99) and a 52 week high of GBX 397.80 ($5.35).

Marks and Spencer Group (LON:MKS) last released its earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share for the quarter, topping the consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). The company had revenue of GBX 512.56 billion for the quarter. Marks and Spencer Group had a net margin of 1.65% and a return on equity of 5.62%.

The business also recently announced a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, November 16th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 2.13%. The ex-dividend date is Thursday, November 16th.

MKS has been the subject of a number of research analyst reports. Credit Suisse Group reiterated a “neutral” rating and set a GBX 370 ($4.98) price objective on shares of Marks and Spencer Group in a report on Friday, September 1st. Deutsche Bank reiterated a “hold” rating and set a GBX 335 ($4.51) price objective on shares of Marks and Spencer Group in a report on Wednesday, November 15th. Peel Hunt reiterated a “buy” rating and set a GBX 450 ($6.06) price objective on shares of Marks and Spencer Group in a report on Wednesday, November 8th. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 285 ($3.84) price objective on shares of Marks and Spencer Group in a report on Tuesday, November 28th. Finally, Shore Capital reiterated a “hold” rating on shares of Marks and Spencer Group in a report on Wednesday, November 8th. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Marks and Spencer Group has a consensus rating of “Hold” and an average target price of GBX 350.70 ($4.72).

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About Marks and Spencer Group

Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.

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