Marks and Spencer Group (LON:MKS) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Marks and Spencer Group plc (LON:MKS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 311.53 ($4.04) and traded as high as GBX 384.40 ($4.99). Marks and Spencer Group shares last traded at GBX 380.30 ($4.94), with a volume of 3,906,292 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MKS shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 350 ($4.54) price target on shares of Marks and Spencer Group in a research note on Friday, June 28th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marks and Spencer Group in a research note on Friday, June 28th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 327 ($4.25).

Marks and Spencer Group Stock Down 0.7 %

The firm’s fifty day moving average price is GBX 355.52 and its 200-day moving average price is GBX 311.53. The company has a market capitalization of £7.68 billion, a price-to-earnings ratio of 1,810.95, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a debt-to-equity ratio of 110.71, a current ratio of 0.86 and a quick ratio of 0.42.

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It operates through: UK Clothing & Home, UK Food, International, Ocado, and All Other segments. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move’ products.