Marks and Spencer Group (LON:MKS) Shares Cross Above 200 Day Moving Average – What’s Next?

Marks and Spencer Group plc (LON:MKSGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 363.40 ($4.85) and traded as high as GBX 411.50 ($5.49). Marks and Spencer Group shares last traded at GBX 407.96 ($5.44), with a volume of 426,746,313 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on MKS. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a report on Tuesday, October 7th. Shore Capital restated a “house stock” rating on shares of Marks and Spencer Group in a report on Tuesday, October 14th. Royal Bank Of Canada cut shares of Marks and Spencer Group to a “sector perform” rating and raised their target price for the stock from GBX 375 to GBX 400 in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marks and Spencer Group from GBX 450 to GBX 435 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Finally, Citigroup upgraded shares of Marks and Spencer Group to a “buy” rating and raised their target price for the stock from GBX 380 to GBX 440 in a report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 425.

Get Our Latest Report on MKS

Marks and Spencer Group Stock Up 0.0%

The company’s 50 day moving average price is GBX 366.23 and its two-hundred day moving average price is GBX 363.40. The firm has a market cap of £8.23 billion, a PE ratio of 29.14, a PEG ratio of 0.20 and a beta of 1.62. The company has a current ratio of 0.82, a quick ratio of 0.42 and a debt-to-equity ratio of 95.00.

Marks and Spencer Group Company Profile

(Get Free Report)

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.

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