Marks and Spencer Group plc (LON:MKS) Insider Stuart Machin Sells 99,121 Shares

Marks and Spencer Group plc (LON:MKSGet Rating) insider Stuart Machin sold 99,121 shares of the company’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of GBX 137 ($1.68), for a total transaction of £135,795.77 ($166,334.85).

LON:MKS traded up GBX 0.79 ($0.01) on Thursday, hitting GBX 139.34 ($1.71). The company had a trading volume of 4,198,889 shares, compared to its average volume of 7,016,020. The stock has a market capitalization of £2.73 billion and a price-to-earnings ratio of 9.23. The company has a current ratio of 0.92, a quick ratio of 0.57 and a debt-to-equity ratio of 130.51. The firm has a 50 day moving average of GBX 142.33 and a two-hundred day moving average of GBX 178.55. Marks and Spencer Group plc has a 52 week low of GBX 127 ($1.56) and a 52 week high of GBX 263 ($3.22).

A number of research analysts recently commented on the stock. Berenberg Bank decreased their price target on shares of Marks and Spencer Group from GBX 265 ($3.25) to GBX 215 ($2.63) and set a “buy” rating on the stock in a research note on Thursday, April 14th. Morgan Stanley restated an “equal weight” rating on shares of Marks and Spencer Group in a research report on Friday, March 25th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Marks and Spencer Group from GBX 185 ($2.27) to GBX 165 ($2.02) and set a “hold” rating on the stock in a research report on Wednesday, May 25th. Barclays reaffirmed an “overweight” rating and set a GBX 215 ($2.63) price target on shares of Marks and Spencer Group in a report on Monday, May 30th. Finally, Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Tuesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 206.13 ($2.52).

About Marks and Spencer Group (Get Rating)

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.

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