Marks and Spencer Group Plc (MKS) Trading Up 2.4%

Marks and Spencer Group Plc (LON:MKS) shares were up 2.4% during mid-day trading on Wednesday . The company traded as high as GBX 350.10 ($4.72) and last traded at GBX 348 ($4.69). Approximately 9,203,976 shares changed hands during trading, an increase of 55% from the average daily volume of 5,933,480 shares. The stock had previously closed at GBX 340 ($4.58).

A number of research analysts recently issued reports on MKS shares. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a GBX 357 ($4.81) target price on shares of Marks and Spencer Group Plc in a research report on Tuesday, July 4th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 370 ($4.99) price objective on shares of Marks and Spencer Group Plc in a research report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 420 ($5.66) price objective on shares of Marks and Spencer Group Plc in a research report on Monday, July 3rd. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 435 ($5.86) price objective on shares of Marks and Spencer Group Plc in a research report on Friday, May 26th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a GBX 360 ($4.85) price objective on shares of Marks and Spencer Group Plc in a research report on Friday, July 7th. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 354.91 ($4.79).

The stock’s 50 day moving average is GBX 323.77 and its 200 day moving average is GBX 343.15. The firm’s market capitalization is GBX 5.65 billion.

In other news, insider Archie Norman purchased 10,000 shares of the stock in a transaction dated Friday, September 8th. The stock was acquired at an average cost of GBX 320 ($4.31) per share, for a total transaction of £32,000 ($43,144.13).

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Marks and Spencer Group Plc Company Profile

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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