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

Marks and Spencer Group plc (LON:MKS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 351.06 and traded as high as GBX 363.60. Marks and Spencer Group shares last traded at GBX 355.90, with a volume of 12,735,702 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MKS shares. Citigroup decreased their target price on Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating on the stock in a research note on Friday, May 22nd. UBS Group reissued a “buy” rating and set a GBX 425 price objective on shares of Marks and Spencer Group in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 435 price objective on shares of Marks and Spencer Group in a report on Thursday, May 21st. Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, May 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 440 price objective on shares of Marks and Spencer Group in a report on Thursday, May 21st. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 418.57.

Marks and Spencer Group Trading Down 1.1%

The company has a market capitalization of £7.21 billion, a PE ratio of 395.44, a PEG ratio of 0.20 and a beta of 1.02. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89. The stock has a fifty day moving average of GBX 341.93 and a two-hundred day moving average of GBX 351.06.

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 earnings per share (EPS) for the quarter. Marks and Spencer Group had a return on equity of 8.86% and a net margin of 1.50%.The business had revenue of GBX 1,727.36 billion for the quarter. As a group, sell-side analysts anticipate that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current fiscal year.

Insider Transactions at Marks and Spencer Group

In related news, insider Alison Dolan sold 85,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of GBX 359, for a total transaction of £305,150. 0.50% of the stock is currently owned by 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.