Insider Selling: Marks and Spencer Group plc (LON:MKS) Insider Sells £351,761.20 in Stock

Marks and Spencer Group plc (LON:MKSGet Rating) insider Eoin Tonge sold 256,760 shares of Marks and Spencer Group stock in a transaction dated Friday, June 24th. The shares were sold at an average price of GBX 137 ($1.68), for a total transaction of £351,761.20 ($431,555.88).

MKS opened at GBX 140.10 ($1.72) on Thursday. The company has a debt-to-equity ratio of 130.51, a current ratio of 0.92 and a quick ratio of 0.57. The company has a market cap of £2.74 billion and a price-to-earnings ratio of 9.28. The firm has a 50 day simple moving average of GBX 141.69 and a 200 day simple moving average of GBX 175.05. Marks and Spencer Group plc has a fifty-two week low of GBX 127 ($1.56) and a fifty-two week high of GBX 263 ($3.23).

Several analysts have recently weighed in on the stock. Berenberg Bank decreased their target price on shares of Marks and Spencer Group from GBX 215 ($2.64) to GBX 198 ($2.43) and set a “buy” rating on the stock in a research report on Tuesday, June 7th. JPMorgan Chase & Co. decreased their target price on shares of Marks and Spencer Group from GBX 205 ($2.52) to GBX 180 ($2.21) and set a “neutral” rating on the stock in a research report on Thursday, May 26th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Marks and Spencer Group from GBX 185 ($2.27) to GBX 165 ($2.02) and set a “hold” rating on the stock in a research report on Wednesday, May 25th. Royal Bank of Canada decreased their target price on shares of Marks and Spencer Group from GBX 200 ($2.45) to GBX 170 ($2.09) and set an “outperform” rating on the stock in a research report on Monday, May 30th. Finally, Barclays reiterated an “overweight” rating and set a GBX 215 ($2.64) target price on shares of Marks and Spencer Group in a research report on Monday, May 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Marks and Spencer Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 204 ($2.50).

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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