Marks and Spencer Group (LON:MKS) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Marks and Spencer Group plc (LON:MKS)’s stock price 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.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MKS. Berenberg Bank lifted their price objective on Marks and Spencer Group from GBX 415 to GBX 480 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Citigroup reduced their price objective 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 reaffirmed a “buy” rating and issued a GBX 425 price objective on shares of Marks and Spencer Group in a research note on Monday, May 18th. Shore Capital Group reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 435 price objective on shares of Marks and Spencer Group in a research report on Thursday, May 21st. Six equities research 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, Marks and Spencer Group has an average rating of “Moderate Buy” and a consensus price target of GBX 418.57.

Marks and Spencer Group Price Performance

The stock has a 50 day moving average of GBX 346.73 and a 200-day moving average of GBX 351.44. The stock has a market capitalization of £7.45 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 0.20 and a beta of 1.03. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 111.89.

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. The company 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 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 other Marks and Spencer Group 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 transaction of £305,150. Company insiders own 0.49% of the company’s stock.

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.