Marks and Spencer Group (LON:MKS) Reaches New 1-Year Low – Here’s What Happened

Marks and Spencer Group plc (LON:MKS)’s stock price reached a new 52-week low on Friday . The stock traded as low as GBX 296.65 and last traded at GBX 395.90, with a volume of 8894279 shares trading hands. The stock had previously closed at GBX 397.70.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MKS. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marks and Spencer Group in a report on Friday, January 9th. Peel Hunt reiterated a “hold” rating and set a GBX 360 price objective on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. Royal Bank Of Canada downgraded shares of Marks and Spencer Group to a “sector perform” rating and increased their price objective for the company from GBX 375 to GBX 400 in a research note on Monday, October 20th. Berenberg Bank raised shares of Marks and Spencer Group to a “buy” rating and boosted their target price for the stock from GBX 412 to GBX 415 in a research note on Thursday, January 8th. Finally, Citigroup upped their price target on shares of Marks and Spencer Group from GBX 440 to GBX 450 and gave the stock a “buy” rating in a report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Marks and Spencer Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 415.83.

Marks and Spencer Group Price Performance

The firm has a fifty day moving average price of GBX 347.35 and a two-hundred day moving average price of GBX 356.30. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. The stock has a market capitalization of £7.99 billion, a P/E ratio of 440.33, a P/E/G ratio of 0.20 and a beta of 1.62.

Insiders Place Their Bets

In other Marks and Spencer Group news, insider Sean Doyle acquired 2,526 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average cost of GBX 334 per share, with a total value of £8,436.84. 0.51% of the stock is currently owned by 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.