Marks and Spencer Group plc (LON:MKS – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 357.90 ($4.73) and last traded at GBX 357.20 ($4.72), with a volume of 9984021 shares trading hands. The stock had previously closed at GBX 351.20 ($4.64).
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 350 ($4.62) target price on shares of Marks and Spencer Group in a report on Friday, June 28th. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a report on Friday, June 28th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 322.50 ($4.26).
View Our Latest Stock Analysis on MKS
Marks and Spencer Group Stock Up 0.5 %
Insider Buying and Selling
In related news, insider Stuart Machin sold 619,188 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of GBX 289 ($3.82), for a total value of £1,789,453.32 ($2,363,874.93). Corporate insiders own 0.88% of the company’s stock.
About Marks and Spencer Group
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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