Marks and Spencer Group (LON:MKS) Reaches New 1-Year Low at $110.80

Marks and Spencer Group plc (LON:MKSGet Rating) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 110.80 ($1.34) and last traded at GBX 111.75 ($1.35), with a volume of 4424539 shares trading hands. The stock had previously closed at GBX 114.30 ($1.38).

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Marks and Spencer Group from GBX 165 ($1.99) to GBX 120 ($1.45) and set a “neutral” rating on the stock in a research note on Wednesday, September 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Marks and Spencer Group from GBX 155 ($1.87) to GBX 145 ($1.75) and set a “hold” rating on the stock in a research note on Wednesday, September 14th. Jefferies Financial Group cut their price objective on Marks and Spencer Group from GBX 170 ($2.05) to GBX 115 ($1.39) and set a “hold” rating on the stock in a research note on Tuesday, September 6th. Barclays restated an “overweight” rating and set a GBX 215 ($2.60) price objective on shares of Marks and Spencer Group in a research note on Monday, July 25th. Finally, Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a research note on Tuesday, August 30th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 185.22 ($2.24).

Marks and Spencer Group Price Performance

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 business has a 50-day moving average price of GBX 130.74 and a two-hundred day moving average price of GBX 141.07. The firm has a market capitalization of £2.20 billion and a price-to-earnings ratio of 745.00.

Insider Activity at Marks and Spencer Group

In related news, insider Eoin Tonge sold 256,760 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of GBX 137 ($1.66), for a total value of £351,761.20 ($425,037.70). Insiders have acquired a total of 333 shares of company stock worth $44,940 in the last three months.

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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