Marks and Spencer Group (LON:MKS) Stock Price Crosses Above 200 Day Moving Average of $122.82

Shares of Marks and Spencer Group plc (LON:MKSGet Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 122.82 ($1.50) and traded as high as GBX 152.50 ($1.86). Marks and Spencer Group shares last traded at GBX 150.90 ($1.84), with a volume of 8,510,346 shares.

Analyst Ratings Changes

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 145 ($1.77) price objective on shares of Marks and Spencer Group in a research report on Thursday, November 10th. JPMorgan Chase & Co. reduced their price target on Marks and Spencer Group from GBX 120 ($1.46) to GBX 100 ($1.22) and set a “neutral” rating on the stock in a research note on Thursday, October 13th. Barclays reiterated an “overweight” rating and issued a GBX 155 ($1.89) price objective on shares of Marks and Spencer Group in a report on Thursday, November 24th. Finally, Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, November 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 147.17 ($1.80).

Marks and Spencer Group Trading Up 0.5 %

The stock has a 50-day moving average of GBX 126.36 and a two-hundred day moving average of GBX 122.82. The company has a market cap of £2.96 billion and a P/E ratio of 943.13. The company has a debt-to-equity ratio of 122.67, a quick ratio of 0.42 and a current ratio of 0.88.

Insider Transactions at Marks and Spencer Group

In related news, insider Stuart Machin sold 23,801 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of GBX 123 ($1.50), for a total value of £29,275.23 ($35,723.28).

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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