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

Marks and Spencer Group plc (LON:MKS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 354.36 and traded as high as GBX 378.99. Marks and Spencer Group shares last traded at GBX 375.85, with a volume of 3,616,423 shares.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Shore Capital Group reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, May 20th. Citigroup lowered their target price on shares of Marks and Spencer Group from GBX 410 to GBX 390 and set a “buy” rating for the company in a report on Friday, May 22nd. Berenberg Bank lifted their price target on Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 435 target price on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Finally, UBS Group restated a “buy” rating and set a GBX 425 price target on shares of Marks and Spencer Group in a research note on Monday, May 18th. 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 418.57.

Marks and Spencer Group Trading Down 0.3%

The firm’s 50-day moving average price is GBX 349.88 and its 200-day moving average price is GBX 354.36. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 111.89. The company has a market cap of £7.72 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 0.20 and a beta of 1.02.

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

Insider Buying and Selling at Marks and Spencer Group

In other news, insider Alison Dolan sold 85,000 shares of Marks and Spencer Group stock in a transaction on Friday, May 22nd. The stock was sold at an average price of GBX 359, for a total value of £305,150. Company insiders own 0.49% of the company’s stock.

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.