Marks and Spencer Group (LON:MKS) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Marks and Spencer Group plc (LON:MKS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 364.75 ($4.64) and traded as high as GBX 370.60 ($4.72). Marks and Spencer Group shares last traded at GBX 358.30 ($4.56), with a volume of 271,485,500 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of Marks and Spencer Group in a research note on Friday, March 21st. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Marks and Spencer Group has a consensus rating of “Buy” and an average price target of GBX 333.75 ($4.25).

Marks and Spencer Group Stock Performance

The firm’s 50-day moving average price is GBX 349.23 and its two-hundred day moving average price is GBX 364.75. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. The firm has a market capitalization of £7.21 billion, a PE ratio of 14.28, a P/E/G ratio of 0.20 and a beta of 1.62.

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.