Marks and Spencer Group (LON:MKS) Hits New 52-Week High - Here's What Happened

Marks and Spencer Group plc (LON:MKS - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 380.70 ($4.98) and last traded at GBX 379.30 ($4.96), with a volume of 20714479 shares traded. The stock had previously closed at GBX 371.90 ($4.87).

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Marks and Spencer Group in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 350 ($4.58) price objective on shares of Marks and Spencer Group in a research note on Friday, June 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Marks and Spencer Group has a consensus rating of "Buy" and a consensus target price of GBX 327 ($4.28).

Marks and Spencer Group Stock Performance

The company has a market cap of £7.73 billion, a PE ratio of 1,823.33, a P/E/G ratio of 0.20 and a beta of 1.62. The stock's 50 day simple moving average is GBX 346.66 and its two-hundred day simple moving average is GBX 304.45. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 110.71.

Marks and Spencer Group Company Profile

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.