Marks and Spencer Group (LON:MKS) Shares Cross Above 200-Day Moving Average – Here’s Why

Marks and Spencer Group plc (LON:MKS) shares passed 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 changing hands.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Thursday, February 5th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 440 price target on shares of Marks and Spencer Group in a research note on Tuesday, March 10th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, January 9th. Finally, Berenberg Bank raised shares of Marks and Spencer Group to a “buy” rating and boosted their target price for the stock from GBX 412 to GBX 415 in a research report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 419.29.

Marks and Spencer Group Price Performance

The firm has a 50-day moving average price of GBX 373.73 and a two-hundred day moving average price of GBX 362.12. The company has a market capitalization of £7.25 billion, a P/E ratio of 399.67, a PEG 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.

Insider Buying and Selling

In other Marks and Spencer Group news, insider Stuart Machin sold 150,000 shares of the company’s stock in a transaction that occurred 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.