Katie Bickerstaffe Buys 2,000 Shares of Marks and Spencer Group Plc (MKS) Stock

Marks and Spencer Group Plc (LON:MKS) insider Katie Bickerstaffe bought 2,000 shares of Marks and Spencer Group stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average price of GBX 249 ($3.25) per share, for a total transaction of £4,980 ($6,507.25).

Shares of MKS opened at GBX 240.20 ($3.14) on Thursday. Marks and Spencer Group Plc has a twelve month low of GBX 240 ($3.14) and a twelve month high of GBX 316.60 ($4.14). The firm has a market capitalization of $3.99 billion and a PE ratio of 133.44. The company has a current ratio of 0.73, a quick ratio of 0.26 and a debt-to-equity ratio of 62.77.

The company also recently disclosed a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, May 30th will be issued a GBX 7.10 ($0.09) dividend. This represents a dividend yield of 2.62%. This is a positive change from Marks and Spencer Group’s previous dividend of $6.80. The ex-dividend date is Thursday, May 30th. Marks and Spencer Group’s dividend payout ratio (DPR) is presently 10.56%.

MKS has been the topic of a number of research reports. Liberum Capital reiterated a “sell” rating on shares of Marks and Spencer Group in a report on Tuesday, April 2nd. Credit Suisse Group reiterated an “underperform” rating on shares of Marks and Spencer Group in a report on Monday, April 29th. Barclays reduced their target price on shares of Marks and Spencer Group from GBX 370 ($4.83) to GBX 335 ($4.38) and set an “overweight” rating on the stock in a report on Tuesday, March 5th. JPMorgan Chase & Co. reduced their target price on shares of Marks and Spencer Group from GBX 285 ($3.72) to GBX 250 ($3.27) and set an “underweight” rating on the stock in a report on Thursday, January 24th. Finally, Citigroup reiterated a “buy” rating and set a GBX 330 ($4.31) target price on shares of Marks and Spencer Group in a report on Monday, May 13th. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 270.92 ($3.54).

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About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.

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