Insider Selling: Marks and Spencer Group (LON:MKS) Insider Sells £606,000 in Stock

Marks and Spencer Group plc (LON:MKS) insider Stuart Machin sold 150,000 shares of Marks and Spencer Group stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of GBX 404, for a total transaction of £606,000.

Marks and Spencer Group Price Performance

LON:MKS opened at GBX 397.10 on Friday. The business’s 50-day simple moving average is GBX 356.48 and its two-hundred day simple moving average is GBX 358.59. Marks and Spencer Group plc has a 52 week low of GBX 315.30 and a 52 week high of GBX 417.80. The stock has a market cap of £8.01 billion, a PE ratio of 441.22, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MKS shares. Peel Hunt restated a “hold” rating and set a GBX 360 target price on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. Citigroup raised their price objective on Marks and Spencer Group from GBX 440 to GBX 450 and gave the company a “buy” rating in a research report on Monday, November 10th. Berenberg Bank raised Marks and Spencer Group to a “buy” rating and lifted their target price for the stock from GBX 412 to GBX 415 in a report on Thursday, January 8th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. Finally, UBS Group restated a “buy” rating and set a GBX 435 price target on shares of Marks and Spencer Group in a report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 415.83.

About Marks and Spencer Group

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.