Marks and Spencer Group (LON:MKS) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Marks and Spencer Group plc (LON:MKS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 361.76 and traded as low as GBX 344. Marks and Spencer Group shares last traded at GBX 353.40, with a volume of 1,373,161,875 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MKS. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 440 price objective on shares of Marks and Spencer Group in a research report on Tuesday, March 10th. Citigroup decreased their price objective on Marks and Spencer Group to GBX 430 and set a “buy” rating on the stock in a research report on Thursday, March 19th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Thursday, February 5th. Finally, Berenberg Bank upgraded Marks and Spencer Group to a “buy” rating and increased their price objective for the company from GBX 412 to GBX 415 in a research report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 416.43.

Marks and Spencer Group Price Performance

The stock has a market capitalization of £7.14 billion, a P/E ratio of 393.61, a price-to-earnings-growth ratio of 0.20 and a beta of 1.04. The company has a debt-to-equity ratio of 121.22, a quick ratio of 0.42 and a current ratio of 0.81. The stock has a 50-day simple moving average of GBX 369.76 and a 200 day simple moving average of GBX 361.76.

Insider Buying and Selling at Marks and Spencer Group

In other news, insider Stuart Machin sold 150,000 shares of the stock in a transaction on 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 company insiders.

Marks and Spencer Group Company Profile

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.