Marks and Spencer Group Plc (LON:MKS) shares rose 0.6% on Tuesday . The company traded as high as GBX 324.70 ($4.19) and last traded at GBX 322.80 ($4.17). Approximately 4,848,169 shares changed hands during trading, a decline of 20% from the average daily volume of 6,057,140 shares. The stock had previously closed at GBX 321 ($4.15).

MKS has been the topic of a number of research analyst reports. Macquarie increased their price objective on shares of Marks and Spencer Group Plc from GBX 270 ($3.49) to GBX 290 ($3.75) and gave the company an “underperform” rating in a research report on Friday, May 19th. Barclays PLC restated an “overweight” rating and set a GBX 425 ($5.49) price objective on shares of Marks and Spencer Group Plc in a research report on Tuesday, August 1st. Credit Suisse Group restated a “neutral” rating and set a GBX 370 ($4.78) price objective on shares of Marks and Spencer Group Plc in a research report on Friday, September 1st. Jefferies Group LLC increased their price objective on shares of Marks and Spencer Group Plc from GBX 370 ($4.78) to GBX 420 ($5.42) and gave the company a “buy” rating in a research report on Monday, May 22nd. Finally, Deutsche Bank AG restated a “hold” rating on shares of Marks and Spencer Group Plc in a research report on Wednesday, June 7th. Nine investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Marks and Spencer Group Plc has an average rating of “Hold” and an average target price of GBX 354.91 ($4.58).

The firm’s 50-day moving average is GBX 322.73 and its 200-day moving average is GBX 343.19. The company’s market capitalization is GBX 5.24 billion.

In related news, insider Archie Norman acquired 10,000 shares of Marks and Spencer Group Plc stock in a transaction on Friday, September 8th. The stock was bought at an average cost of GBX 320 ($4.13) per share, for a total transaction of £32,000 ($41,327.65).

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About Marks and Spencer Group Plc

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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