Marks and Spencer Group (LON:MKS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Marks and Spencer Group plc (LON:MKS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 353.50 and traded as high as GBX 376.50. Marks and Spencer Group shares last traded at GBX 370.99, with a volume of 1,462,310,375 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank Of Canada cut Marks and Spencer Group to a “sector perform” rating and lifted their target price for the company from GBX 375 to GBX 400 in a research note on Monday, October 20th. UBS Group reiterated a “buy” rating and issued a GBX 435 price objective on shares of Marks and Spencer Group in a research report on Friday, November 7th. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, November 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a research report on Friday, January 9th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 360 price target on shares of Marks and Spencer Group in a research note on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 415.83.

Marks and Spencer Group Price Performance

The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82. The company has a market capitalization of £7.48 billion, a price-to-earnings ratio of 412.21, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company has a 50-day moving average price of GBX 337.94 and a 200-day moving average price of GBX 353.50.

Marks and Spencer Group (LON:MKS) last released its quarterly earnings data on Wednesday, November 5th. The retailer reported GBX 6.60 earnings per share for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. On average, equities research analysts expect that Marks and Spencer Group plc will post 26.0113154 EPS for the current fiscal year.

Insider Buying and Selling at Marks and Spencer Group

In other news, insider Sean Doyle purchased 2,526 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was bought at an average price of GBX 334 per share, with a total value of £8,436.84. 0.51% of the stock is currently owned by corporate 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.