Marks and Spencer Group (LON:MKS) Shares Pass Above 200-Day Moving Average of $298.68

Marks and Spencer Group plc (LON:MKS)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 298.68 ($4.00) and traded as high as GBX 377.91 ($5.06). Marks and Spencer Group shares last traded at GBX 372.60 ($4.98), with a volume of 6,347,679 shares changing hands.

Analyst Ratings Changes

MKS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 350 ($4.68) price target on shares of Marks and Spencer Group in a research report on Friday, June 28th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, June 28th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Marks and Spencer Group presently has an average rating of “Buy” and an average price target of GBX 327 ($4.37).

Marks and Spencer Group Stock Performance

The company has a debt-to-equity ratio of 110.71, a quick ratio of 0.42 and a current ratio of 0.86. The firm has a market capitalization of £7.58 billion, a PE ratio of 1,774.29, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The firm’s 50 day moving average price is GBX 339.81 and its 200-day moving average price is GBX 298.68.

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.