Marks and Spencer Group (LON:MKS) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Marks and Spencer Group plc (LON:MKS) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 362.12 and traded as high as GBX 362.60. Marks and Spencer Group shares last traded at GBX 359.70, with a volume of 5,515,894 shares traded.

Analysts Set New Price Targets

MKS has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 target price on shares of Marks and Spencer Group in a research note on Tuesday, March 10th. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Thursday, February 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. Finally, Berenberg Bank upgraded shares of Marks and Spencer Group to a “buy” rating and upped their target price for the company from GBX 412 to GBX 415 in a report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 419.29.

Marks and Spencer Group Stock Performance

The stock has a market cap of £7.25 billion, a P/E ratio of 399.67, a price-to-earnings-growth ratio of 0.20 and a beta of 1.04. The company has a quick ratio of 0.42, a current ratio of 0.81 and a debt-to-equity ratio of 121.22. The firm’s 50 day simple moving average is GBX 373.73 and its two-hundred day simple moving average is GBX 362.12.

Insider Activity at Marks and Spencer Group

In related news, insider Stuart Machin sold 150,000 shares of Marks and Spencer Group stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of GBX 404, for a total value of £606,000. 0.50% of the stock is currently owned by corporate insiders.

About Marks and Spencer Group

M&S has a heritage of quality, innovation and value for money and has been voted the UK’s most trusted brand. From these foundations, M&S is reshaping for sustainable profitable growth and value creation.

We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands. We do this through a network of stores and websites globally, and together, across our stores, support centres, warehouses and supply chain, our 65,000 colleagues serve over 30 million customers each year.