Marks and Spencer Group (LON:MKS) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Marks and Spencer Group plc (LON:MKS) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 351.07 and traded as high as GBX 364.50. Marks and Spencer Group shares last traded at GBX 358.40, with a volume of 378,426,688 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group reiterated a “buy” rating and issued a GBX 425 price objective on shares of Marks and Spencer Group in a report on Monday, May 18th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 440 target price on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Berenberg Bank boosted their target price on Marks and Spencer Group from GBX 415 to GBX 480 and gave the company a “buy” rating in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 435 target price on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Finally, Shore Capital Group reissued a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, May 20th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 418.57.

Marks and Spencer Group Stock Up 1.0%

The business has a 50-day moving average price of GBX 345.43 and a two-hundred day moving average price of GBX 351.07. 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 firm has a market cap of £7.40 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 0.20 and a beta of 1.03.

Marks and Spencer Group (LON:MKS) last posted its earnings results on Wednesday, May 20th. The retailer reported GBX 23.80 EPS for the quarter. The firm had revenue of GBX 1,727.36 billion for the quarter. Marks and Spencer Group had a return on equity of 8.86% and a net margin of 1.50%. On average, equities research analysts expect that Marks and Spencer Group plc will post 26.0113154 EPS for the current year.

Insider Buying and Selling

In related news, insider Alison Dolan sold 85,000 shares of the 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. 0.49% of the stock is owned by company insiders.

About Marks and Spencer Group

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.